India's fuel demand climbed for the fourth consecutive month in December as the resumption of economic activity took consumption to an Eleven-month high, but it was about 2 percent lower than pre-COVID levels.
As per provisional data published by the oil ministry's Petroleum Planning and Analysis Cell, the total demand for petroleum products in December 2020 fell to 18.59 million tonnes from 18.94 million tonnes a year back,
Fuel consumption, however, posted a month-on-month increase for the fourth straight month, helped by reviving transportation and business activity.
While petrol had reached pre-COVID levels in September, diesel consumption returned to normal in October. However, its demand fell again in November and now in December.
Diesel demand, which had soared 7.4 percent year-on-year in October, dropped 6.9 percent in November and by 2.7 percent in December to 7.18 million tonnes. Month-on-month, the demand slightly improved from 7.04 million tonnes.
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