India’s July fuel demand falls
A fuel pump assistant stands next to an old fuel pump during the early hours near the village of Salwa at the Qatari-Saudi border, south of the eastern province of Khobar, Saudi Arabia January 29, 2016. PHOTO: REUTERS
Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods, preliminary sales data shows. Fuel demand in India, the world’s third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods. Gasoil demand in July fell by about 16% to 6.42 million tonnes while gasoline demand fell by about 8% to 2.66 million tonnes, the data showed.
Published in The Express Tribune, August 2nd, 2022.
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