India's fuel demand rises eight-month peak in November

India's fuel demand rose to an eight-month high in November 2022, reports Reuters. The report claims that fuel demand in India increased as festivals and a pick up in industrial activity boosted sales in the world's third-largest oil consumer country. It also claimed that fuel consumption in India had grown by 2.4 per cent in November, while it went up to 18.84 million tonnes last month, up by 10.2 per cent from the same month a year ago.

India's fuel demand has increased substantially over the past few months owing to higher consumption. (Amit Sharma)
India's fuel demand has increased substantially over the past few months owing to higher consumption.

Also Read : Ban on BS 3 petrol, BS 4 diesel: Protests boil up in Delhi, Punjab

Every year, the festive season usually helps in increasing the fuel demand, as people consider this time of the year auspicious for buying new vehicles. Also, the holidays during this season boost travel activities across the country, eventually resulting in higher demand for petrol and diesel. The report has cited analysts claiming that the high fuel consumption will continue over the coming months.

The report further revealed that sales of diesel, which accounts for about four-fifth of India's refined fuel demand, went up 19.1 per cent from 2021 to 7.76 million tonnes, while petrol sales increased 8.1 per cent to 2.86 million tonnes in November 2022. The rise in diesel sales indicates a higher transportation activity across the country, as the lion's share of the transport sector runs on this fuel. The rise in private and public transport sector's fuel demand, along with recovery after the monsoon season, was notable in November this year.

Also check these Vehicles

Find more Cars
Benling India Benling Kriti (HT Auto photo)
₹ 56,940 - 66,121**Ex-showroom price
Add to compare
Check latest offers
Benling India Benling Aura (HT Auto photo)
₹73,000**Ex-showroom price
Add to compare
Benling India Benling Falcon (HT Auto photo)
₹ 62,200 - 71,248**Ex-showroom price
Add to compare
Check latest offers
Hcd India Nps Cargo (HT Auto photo)
₹ 54,500 - 58,500**Ex-showroom price
Add to compare
Check latest offers
Hero Splendor Plus (HT Auto photo)
₹ 75,141 - 76,486**Ex-showroom price
Add to compare
Check latest offers
Yamaha Mt-15 (HT Auto photo)
₹ 1.67 - 1.73 Lakhs* *Ex-showroom price
Add to compare
Check latest offers

Interestingly, vehicle sales across India witnessed positive growth in November 2022. A series of new car launches, lucrative offers, the festive season, and positive buyer sentiment has helped in boosting vehicle sales in the country, which has further helped in increasing fuel demand. In November 2022, the Indian auto industry registered a 31.3 per cent sales growth to 322,070 units as compared to 245,214 units sold in November 2021.

First Published Date: 12 Dec 2022, 17:58 PM IST
TAGS: petrol diesel
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
64% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 699 Rs. 1,939
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299
SHAYONAM Dent Removal Kit - Powerful Car Dent Repair Kit - Suction Cup Dent Puller Handle Lifter and Dent Repair Puller for Car Body Dent, Glass, Tiles and Mirror (Plastic)
Rs. 399

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.