Indian oil demand rises 5% in November

摘要

Singapore-India’s oil product demand rose 4.9% year on year to 13.9 million mt, or an average 3.64 million b/d, in November and was up 6% from October, data released on the weekend by the Petroleum Planning and Analysis Cell, a division of the oil ministry, showed. This is the fastest pace of growth since June when demand rose 5.3% year on year. Gasoil demand rebounded to grow at 3% year on year to 6 million mt in November, after contracting for two straight months in September and October, in anticipation of a gasoil price deregulation and lower prices, the data showed.