+
India's fuel consumption surges 8.2% YoY in January
OIL & GAS

India's fuel consumption surges 8.2% YoY in January

In January, India experienced an 8.2% year-on-year increase in fuel consumption, according to government data released. This surge was attributed to robust industrial activity in the country, which is the world's third-largest oil consumer. The Petroleum Planning and Analysis Cell (PPAC) of the oil ministry reported that total consumption, serving as a proxy for oil demand, reached 20.04 million tonnes in January, up from 18.51 million tonnes the previous year.

Despite this annual growth, there was a marginal 0.1% decline in consumption on a month-on-month basis, following a peak in December at 20.05 million tonnes. Diesel sales, primarily utilised by trucks and commercially-run passenger vehicles, increased by 3.5% year-on-year to 7.43 million tons in January. The manufacturing industry in India demonstrated significant improvement at the beginning of 2024, with factory activity expanding at its fastest rate in four months during January. This expansion was attributed to robust demand and a positive outlook for the year ahead, as revealed by a private survey.

Gasoline sales in January saw a 9.6% year-on-year rise to 3.10 million tons. Indian carmakers reported record sales for the month, aiming to build up inventory for new and refreshed models throughout the calendar year, according to wholesale data from the companies. Sales of bitumen, used in road construction, increased by 11.6% compared to the previous January, while fuel oil usage decreased by 4.7% year-on-year. Additionally, cooking gas (liquefied petroleum gas) sales rose by 7.6% to 2.70 million tons, and naphtha sales surged by 15.2% to around 1.30 million tons compared to the same period last year, according to the provided data.

In January, India experienced an 8.2% year-on-year increase in fuel consumption, according to government data released. This surge was attributed to robust industrial activity in the country, which is the world's third-largest oil consumer. The Petroleum Planning and Analysis Cell (PPAC) of the oil ministry reported that total consumption, serving as a proxy for oil demand, reached 20.04 million tonnes in January, up from 18.51 million tonnes the previous year. Despite this annual growth, there was a marginal 0.1% decline in consumption on a month-on-month basis, following a peak in December at 20.05 million tonnes. Diesel sales, primarily utilised by trucks and commercially-run passenger vehicles, increased by 3.5% year-on-year to 7.43 million tons in January. The manufacturing industry in India demonstrated significant improvement at the beginning of 2024, with factory activity expanding at its fastest rate in four months during January. This expansion was attributed to robust demand and a positive outlook for the year ahead, as revealed by a private survey. Gasoline sales in January saw a 9.6% year-on-year rise to 3.10 million tons. Indian carmakers reported record sales for the month, aiming to build up inventory for new and refreshed models throughout the calendar year, according to wholesale data from the companies. Sales of bitumen, used in road construction, increased by 11.6% compared to the previous January, while fuel oil usage decreased by 4.7% year-on-year. Additionally, cooking gas (liquefied petroleum gas) sales rose by 7.6% to 2.70 million tons, and naphtha sales surged by 15.2% to around 1.30 million tons compared to the same period last year, according to the provided data.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code