India enjoys 5.52% increase in fuel demand
India's fuel consumption rose an annual 5.52% in July, reflecting an increase in passenger vehicle sales and higher gasoline sales, reported Reuters.
Government data shows Indians consumed an estimated total of 14.03 million tonnes of fuel last month. As India scrapped diesel subsidies in October, the difference in price with gasoline has been decreasing.
In Delhi, prices stand at RS 45 ($0.69) per litre of diesel and RS 63.2 ($0.96) for gasoline (as of Saturday, 15 August), according to data from Mypetrolprice.com. Fuel prices In India vary depending on the city due to big differences in taxes and policies.
Diesel sales fell to 5.7 million tonnes, the lowest since October and a 0.55% decrease from the same period last year.
Meanwhile, sales of gasoline are up by an annual 12.9%, pushed by a healthy vehicle sales market, which has risen by 11.43% since the same time last year.
