Fuel sales rose to 12.364 million tonnes in May from 11.717 million tonnes a year ago, according to provisional data from the oil ministry in New Delhi.
Petroleum product consumption rose 11.6 million tons in December as against 11.12 million tons a year ago, according to the latest data available from petroleum ministry in New Delhi. Low freight traffic with railways, a major consumer of diesel, and not-so-encouraging agriculture scenario also contributed to the low growth rate.
Diesel demand has grown by about 15 per cent during the past few months. Considering the double figure rise in diesel consumption in the country, government will import about 2.4 mn tons of diesel in the next fiscal. Indian Oil alone would import about one million tons in 2008-09, up from 0.5 mn tons in the previous year. The demand for diesel surpasses production. LPG imports are likely to rise by 10% to 2-3 mn tons, while kerosene imports will remain at 1.2-1.5 mn tons.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances