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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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.

Next Story
Infrastructure Transport

Banihal Bypass Started, Milestone Achieved By NHAI On NH44

The National Highways Authority of India (NHAI) has achieved another milestone on the Jammu-Srinagar four-lane highway after nearly four years of construction. The NHAI has completed the Banihal Bypass, and one side of the bypass was opened for traffic following a post by Union Minister for Road Transport and highways Nitin Gadkari on his official X handle. Traffic has been allowed from Jammu to Srinagar on one tube of the much awaited Banihal bypass.Project head of Banihal bypass from NHAI Kumar Jainendra told Greater Kashmir that the full public cooperation and support from locals was u..

Next Story
Infrastructure Transport

Hyderabad: Rs 70 Bn Sanctioned For Road Infra Works

As part of the Hyderabad City Innovative and Transformative Infrastructure (H-CITI) program the state government sanctioned Rs 70 billion for 38 works, including the construction of flyovers, underpasses, and road-over-bridges (ROB) to ease the traffic in various parts of Hyderabad and its nearby municipalities. As part of the Strategic Road Development Programme (SRDP) initiated by the previous BRS government, several flyovers and road infrastructure projects were taken up mostly under the limits of the Greater Hyderabad Municipal Corporation (GHMC). Out of the 42 works under SRDP, 36 projec..

Next Story
Infrastructure Transport

India's Second Cable-Stayed Bridge to Be Built In Howrah

Eastern Railways is set to construct India’s second cable-stayed steel deck bridge in Howrah, aimed at easing traffic congestion on the Howrah Bridge. The new bridge will span the existing GT Road route, linking Howrah Station with the Howrah Bridge. The new structure is a response to the rising volume of vehicular traffic, which has been placing significant strain on the 75-year-old Howrah Bridge, leading to regular traffic jams and delays.The new cable-stayed bridge will feature a four-lane design and will measure 134 m in length, an expansion from the existing 60 meters of the Chandmari B..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000