India fuel consumption rises three percent annually in January despite monthly dip
India's fuel demand rose nearly 3% annually in January to 21.05 million tons. Despite a monthly dip from record highs, the nation remains a top global oil driver.
Insights:
India 
IN petroleum consumption fell month-on-month in January to 21.05 million metric tons from 21.71 million in December, according to data announced today by the Petroleum Planning and Analysis Cell (PPAC). Despite the monthly decline, consumption rose nearly 3% year-on-year. This report represents the latest monthly update following the record high seen in December, providing a key benchmark for global oil demand assessments and refining activity.
IN petroleum consumption fell month-on-month in January to 21.05 million metric tons from 21.71 million in December, according to data announced today by the Petroleum Planning and Analysis Cell (PPAC). Despite the monthly decline, consumption rose nearly 3% year-on-year. This report represents the latest monthly update following the record high seen in December, providing a key benchmark for global oil demand assessments and refining activity.The demand patterns in India carry significant weight as the country is the world's third-largest consumer and importer of oil. Furthermore, it stands as the largest buyer of seaborne crude from Russia 
RU, ensuring that its internal consumption data directly influences global oil markets and commodity trading activity. The Petroleum Planning and Analysis Cell, an arm of India's oil ministry, released these figures which are scrutinized by major industry stakeholders including Indian Oil and Hindustan Petroleum.
RU, ensuring that its internal consumption data directly influences global oil markets and commodity trading activity. The Petroleum Planning and Analysis Cell, an arm of India's oil ministry, released these figures which are scrutinized by major industry stakeholders including Indian Oil and Hindustan Petroleum.
