+
India's June fuel demand increased by 17.9 per cent YoY
OIL & GAS

India's June fuel demand increased by 17.9 per cent YoY

India, the third-largest consumer of oil, reportedly increased its gasoline consumption in June by 17.9 per cent from a year earlier as demand began to resemble pre-pandemic levels. Oil prices worldwide have increased due to worries about shortages and disruptions brought on by oil supplier Russia's invasion of Ukraine, but Indian customers have been somewhat protected as Indian refiners have purchased less expensive Russian fuel that the West has avoided. According to sources, the use of fuel, a proxy for oil demand, totaled 18.67 million tonnes.

From May to September 2021, there was a comparatively low demand for diesel and gasoline in India. As a result, sources have allegedly stated that the 18 per cent growth is from a lower base; but, additional pent-up demand may cause a rebound to pre-pandemic levels in the coming months. Although some demand destruction cannot be ruled out, the purchasing power of India's middle class is reportedly observed to be rising in spite of recent spikes in food and energy prices.

India, the third-largest consumer of oil, reportedly increased its gasoline consumption in June by 17.9 per cent from a year earlier as demand began to resemble pre-pandemic levels. Oil prices worldwide have increased due to worries about shortages and disruptions brought on by oil supplier Russia's invasion of Ukraine, but Indian customers have been somewhat protected as Indian refiners have purchased less expensive Russian fuel that the West has avoided. According to sources, the use of fuel, a proxy for oil demand, totaled 18.67 million tonnes. From May to September 2021, there was a comparatively low demand for diesel and gasoline in India. As a result, sources have allegedly stated that the 18 per cent growth is from a lower base; but, additional pent-up demand may cause a rebound to pre-pandemic levels in the coming months. Although some demand destruction cannot be ruled out, the purchasing power of India's middle class is reportedly observed to be rising in spite of recent spikes in food and energy prices.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?