India's fuel demand in December rose 2.1% y/y

India's fuel demand rose 2.1% in December compared with the same month in 2023, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday, January 7, 2025.

Consumption of fuel, a proxy for oil demand, totalled 20.67 million metric tons, the data showed.

Sales of gasoline, or petrol, were up 10.8% from a year earlier at 3.3 million tons. Diesel consumption was up 6% on a yearly basis at 8.1 million tons in December. Cooking gas, or liquefied petroleum gas (LPG), sales increased 5.8% to 2.78 million tons, while naphtha sales fell 22.7% to 1.07 million tons.

Sales of bitumen, used for making roads, were 6.6% higher, while fuel oil use rose 1.1% in December.

DOMESTIC SALES (in million tons):

| 2024 2024 2024 2023 2023 2023 |

| DEC. NOV. OCT. DEC. NOV. OCT. |

Diesel - 8.06 8.17 7.65 7.60 7.53 7.63

Petrol - 3.31 3.43 3.41 2.99 3.13 3.14

LPG - 2.78 2.67 2.72 2.63 2.49 2.50

Naphtha - 1.07 1.05 1.16 1.39 1.05 1.19

Jet fuel - 0.78 0.75 0.76 0.72 0.69 0.69

Kerosene - 0.04 0.04 0.03 0.04 0.05 0.03

Fuel Oil - 0.57 0.53 0.62 0.57 0.51 0.53

Bitumen - 0.79 0.71 0.64 0.74 0.62 0.75

TOTAL - 20.67 20.46 20.25 20.25 18.68 19.47