Aug 8 Reuters India39;s fuel consumption, a proxy for oil demand, rose by 1.9 yearonyear in July to about 18.09 million tonnes, data from the Petroleum Planning and Analysis Cell PPAC of the oil ministry showed on Tuesday.
Fuel demand was still down about 6.6 from the previous month, when demand stood at 19.36 million tonnes.
There is a seasonality in Indian demand, which normally peaks in March and declines during the summer period due to the monsoon, said UBS analyst Giovanni Staunovo.
Fuel demand in India, the world39;s thirdbiggest oil importer and consumer, typically falls during the fourmonth monsoon season beginning in June as parts of the country are affected by heavy floods.
Sales of gasoline fell 5.3 to 2.99 million tonnes and sales of diesel decreased around 13 to 6.89 million tonnes in July from the previous month, the data showed.
2023
2023
2023
2022
2022
2022
July
June
May
July
June
May
Diesel
6.89
7.91
8.21
6.63
7.67
7.29
Petrol
2.99
3.15
3.35
2.81
2.97
3.02
LPG
2.39
2.23
2.35
2.40
2.23
2.16
Naphtha
1.07
0.98…