
India’S Fuel Demand Scales Record High In 2023-24
The consumption of petroleum goods in 2022-2023 stood at 223.021 million tons.
Sales of diesel, mainly used by trucks, buses and the Agriculture sector increased by 4.4 per cent in 2023-24 compared to the previous financial year, reflecting the higher level of economic activity in the country.
The demand for petrol rose by 6.4 per cent during the year with the sales of cars and two-wheelers going up during the year.
Sales of bitumen, used for making roads, were up 9.9 per cent for the fiscal year as the government undertook big infrastructure projects to spur growth in the economy. Naphtha which is used for making fertilisers also registered a higher growth in sales during the year.
However, for the month of the path the total consumption of petroleum products totalled 21.09 million metric which was lower than the 21.22 million tons consumed in the previous year.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment