FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

India’s Domestic Air Passenger Traffic to Double by 2023

OIL PRODUCTS

India’s domestic air passenger traffic will double to 300mn by 2030, civil aviation minister Jyotiraditya Scindia, cited by Argus, after the country’s jet-fuel demand rose 15% year on year on 2023, petroleum ministry data showed.

  • India's demand for jet fuel demand rose by 15% from a year earlier to 174kbpd in 2023, petroleum ministry data show.
  • India's domestic air passenger traffic hit a record high of 152mn passengers in 2023, up by 23% year on year, data from the civil aviation ministry show.
  • Domestic air passenger traffic is expected to expand by 8% in the April 2023-March 2024 fiscal year and by 13% in April 2024-March 2025, Icra said.
  • Global jet fuel demand expanded by 480kbpd on the year for the week ending 12 January. Severe weather conditions during the week caused flight disruptions across the US and Europe with global daily flights averaging 96.1% of 2019 volumes, JP Morgan said in a note.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

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.