Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessEconomy

India's fuel demand fell 7.9% YoY in June

Consumption of fuel, a proxy for oil demand, totalled 16.29 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

July 09, 2020 / 07:45 PM IST
3. Beware of the start-stop scam. A common method pumps use to scam motorists is filling up a lower amount ‘by mistake’. For example, say you have asked for fuel worth Rs 1,500. The attendant fills up only Rs 500 worth and after being pointed out his mistake goes ahead and pretends to reset the machine and fills up to Rs 1,000. All the while, you could be under the impression that you received Rs 1,500 worth of fuel. (Representative image)

3. Beware of the start-stop scam. A common method pumps use to scam motorists is filling up a lower amount ‘by mistake’. For example, say you have asked for fuel worth Rs 1,500. The attendant fills up only Rs 500 worth and after being pointed out his mistake goes ahead and pretends to reset the machine and fills up to Rs 1,000. All the while, you could be under the impression that you received Rs 1,500 worth of fuel. (Representative image)

India's fuel demand fell 7.9 percent in June compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 16.29 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 13.5 percent lower from a year earlier at 2.28 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 15.7 percent to 2.08 million tonnes, while naphtha sales surged 13.0 percent to 1.17 million tonnes.

Sales of bitumen, used for making roads, were 41.5 percent up, while fuel oil use edged up 1.0 percent in June.

Reuters
first published: Jul 9, 2020 07:43 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347