Strong manufacturing boosts India's May fuel consumption
OIL & GAS

Strong manufacturing boosts India's May fuel consumption

Fuel consumption in India, the third-largest oil user in the world, increased in May, with diesel sales reaching a record high.

Last month, India's factory output increased at the fastest rate since October 2020, while competitors in the area including China, Japan, and South Korea were experiencing prolonged manufacturing difficulties.

According to PPAC data going back to 1998, sales of diesel, which are primarily used by trucks and commercially operated passenger vehicles, surged by about 5.1% in May to an all-time high of 8.22 million tonnes from a month earlier.

Increased manufacturing increased purchasing activity and increased trucking demand. Diesel demand also received a boost from agriculture, particularly rice and wheat harvesting, which was largely completed in April and May.

By resulting in more favourable overall construction activity, India's postponed monsoons helped to support diesel consumption.

The amount of fuel consumed, which serves as a proxy for oil demand, increased from 18.54 million tonnes in April to 20.03 million tonnes in May.

3.35 million tonnes of petrol were sold, 16% more than the previous month.

The data revealed that sales of cooking gas, or liquefied petroleum gas (LPG), jumped 9.3% to 2.35 million tonnes and that sales of naphtha increased 6.5% to 1.15 million tonnes.

Also read:
Sakhalin in Russia invites India and China for energy resources
MRPL shifts focus to chemicals, shelves refinery expansion


Fuel consumption in India, the third-largest oil user in the world, increased in May, with diesel sales reaching a record high. Last month, India's factory output increased at the fastest rate since October 2020, while competitors in the area including China, Japan, and South Korea were experiencing prolonged manufacturing difficulties. According to PPAC data going back to 1998, sales of diesel, which are primarily used by trucks and commercially operated passenger vehicles, surged by about 5.1% in May to an all-time high of 8.22 million tonnes from a month earlier. Increased manufacturing increased purchasing activity and increased trucking demand. Diesel demand also received a boost from agriculture, particularly rice and wheat harvesting, which was largely completed in April and May. By resulting in more favourable overall construction activity, India's postponed monsoons helped to support diesel consumption. The amount of fuel consumed, which serves as a proxy for oil demand, increased from 18.54 million tonnes in April to 20.03 million tonnes in May. 3.35 million tonnes of petrol were sold, 16% more than the previous month. The data revealed that sales of cooking gas, or liquefied petroleum gas (LPG), jumped 9.3% to 2.35 million tonnes and that sales of naphtha increased 6.5% to 1.15 million tonnes. Also read: Sakhalin in Russia invites India and China for energy resources MRPL shifts focus to chemicals, shelves refinery expansion

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?