India's total oil demand surged to seven-month high in December.
Total petroleum consumption, a proxy for oil demand, rose to seven-month high in December to 20,054 thousand metric tonne, according to the Petroleum Analysis and Planning Cell data.
On a monthly basis, the total petroleum consumption grew 6.16%. It rose 2.64% compared to December 2022.
Consumption Mix
High spirit diesel was the highest consumed product accounting for 37.9% of the total consumption in December at 7,605 thousand metric tonne. The share of high spirit diesel, however, decreased compared to 39.8% share a year ago.
This was followed by high motor spirit and liquified petroleum gas in the second and third place with a share of 14.9% and 13.1%, respectively.
Motor spirit consumption stood at 2,990 thousand metric tonne in December, down 4.5% compared to November and posting marginal growth of 0.2% on an annual basis.
Liquified petroleum gas consumption stood at 2,628 thousand metric tonne in December, up 5.70% month-on-month and 2.28% year-on-year.
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