India October fuel demand reaches highest level since March
India fuel consumption rose nearly 10 percent in October from the previous month to 20.49 million metric tons. The increase was driven by higher diesel and bitumen usage, marking the highest demand level since March.
Insights:
India fuel consumption in October rose 9.5% from the previous month to 20.49 million metric tons, hitting its highest level since March. The reading marked a 2.7% increase compared to the same month last year, driven by robust industrial activity and higher freight movement. The surge underscores sustained economic momentum in the world's third-largest oil consumer as winter demand builds.
