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Indian February Oil Demand Rose 5.7% YoY

OIL PRODUCTS

Indian oil demand declined by 1.58% on the month to 19.72mn tons in February, but rose 5.7% above last year’s levels, PPAC data showed.

  • Indian gasoline demand rose by 8.9% on the year to 3.02mn tons.
  • Diesel consumption last month rose by 6.2% on the year to 7.44mn tons – the highest since October.

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