India's fuel demand reached a nine-month high in December, helped by strong industrial activity and a rise in gasoline consumption due to an uptick in passenger vehicle sales.
Consumption of fuel, a proxy for oil demand, was about 4% higher than the previous month, and rose 3.1% year-on-year to 19.60 million tonnes in December, data from Indian oil ministry's Petroleum Planning and Analysis Cell showed on Monday.
India's manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a business surveySales of diesel, which account for about four-fifths of India's refined fuel demand, rose 6.5% in December from a year earlier to 7.78 million tonnes, while sales of gasoline, or petrol, rose 5.9% to 2.98 million tonnes, the PPAC data showed.
Passenger vehicle sales for the month rose around 8.2% to 280,016 units and reached an all-time high of over 3.43 million units in 2022, the Federation of Automobile Dealers Associations said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed's Daly: December wage data was one month of data, can't declare victorySan Francisco Federal Reserve Bank President Mary Daly is dropping important comments in a live questions and answers with the Wall Street Journal. Ke
Leer más »
EVs Take 55% Of The German Auto Market In December!The tide has turned in the electrification of the German auto market, with plugin electric vehicles taking the majority of sales for the first time in December.
Leer más »
Aaron Rodgers, Mallory Edens Showed Signs Of Relationship In DecemberAaron Rodgers and Mallory Edens showed signs of being a couple when they attended the Bucks game last month.
Leer más »
Financing for Chinese real estate firms jumps 33% year-on-year in DecemberChinese property companies raised a total of 101.8 billion yuan ($14.9 billion) in December, up 33.4% year on year, driven by more state support for the highly indebted sector, according to market researcher CRIC.
Leer más »
NY sees a 30% spike in COVID deaths in December, most since early 2022The coronavirus is still a mass killer with deaths skyrocketing 30% in December — the highest tally in nearly a year, a Post analysis of data reveals.
Leer más »