Key Points
Indias overall fuel demand dropped 2% year-on-year in November, driven by a 3% decline in diesel sales, petroleum ministry data showed...
Petrol and jet fuel sales, however, grew around 9% and 12%, respectively, in November over the same period last year, aided by increased leisure travel in the festive season..
Strong vehicle sales also contributed to petrol sales, which accounts for 17% of the countrys overall refined products sales volume...
Diesel sales are driven more by commercial mobility as the share of diesel vehicles in passenger cars has significantly declined over the years...
The demand for bitumen, used for building roads, fell 31% in November while the sales of more polluting but cheaper petcoke and fuel oil dropped 5% and 11%, respectively...
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