Free Trial

Indian November Oil Demand Fell 2% YoY

OIL

Indian oil demand in November fell by 2.8% on the month and by 2% on the year to 18.72mn tons, data from the Petroleum Planning and Analysis Cell showed.

  • India’s oil demand typically rose above last year’s levels in recent months.
  • Gasoline sales in November rose 9.4% above 2022 levels to 3.13mn tons, while high speed diesel sales lagged last year’s levels by 3% at 7.53mn tons.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.