INSUBCONTINENT EXCLUSIVE:
India's fuel demand is likely to grow 5.5 per centin the next fiscal yearNEW DELHI: India's fuel demand is likely to grow 5.5 per
in Asia's third largest economy after months of stagnation.India's fuel consumption in 2022-23, a proxy for oil demand, could rise to
214.5 million tonnes from the revised estimates of 203.3 million tonnes for the current fiscal year ending March 2022, according to
government forecasts.The estimates were released on the website of the Petroleum Planning and Analysis Cell (PPAC), a unit of the federal
oil ministry.Local demand for gasoline, used mainly in passenger vehicles, is expected to rise by 7.8 per cent to 33.3 million tonnes, while
gasoil consumption was slated grow by about 4 per cent to 79.3 million tonnes, the data showed.Consumption of aviation fuel would likely
2022.Demand for petcoke, a better-burning alternative to coal, could increase 2.8 per cent to 14.8 million tonnes, while demand for
liquefied petroleum gas, used as cooking fuel, is estimated to grow 4.5 per cent to 29.7 million tonnes, PPAC said.
