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Indian Oil Demand Showing Growth: OPEC

ENERGY

The latest available data for March 2022 show an increase of 0.2 mb/d y-o-y for Indian oil demand according to the latest OPEC monthly report:

  • Spurred by the recovery in mobility, an increase in construction activity and rising industrial sector requirements, diesel demand increased by 0.1 mb/d, or 6%, y-o-y.
  • Gasoline demand rose by 46 tb/d y-o-y while LPG demand rose by 84 tb/d y-o-y, recording a 9% y-o-y increase.
  • Jet kerosene demand grew by only about 7 tb/d y-o-y, while naphtha demand witnessed a 46 tb/d y-o-y contraction due to rising prices.


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The latest available data for March 2022 show an increase of 0.2 mb/d y-o-y for Indian oil demand according to the latest OPEC monthly report:

  • Spurred by the recovery in mobility, an increase in construction activity and rising industrial sector requirements, diesel demand increased by 0.1 mb/d, or 6%, y-o-y.
  • Gasoline demand rose by 46 tb/d y-o-y while LPG demand rose by 84 tb/d y-o-y, recording a 9% y-o-y increase.
  • Jet kerosene demand grew by only about 7 tb/d y-o-y, while naphtha demand witnessed a 46 tb/d y-o-y contraction due to rising prices.