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India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions
India's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied petroleum gas consumption plummeted by approximately 20% due to shipping disruptions and sanctions impacting Iranian imports. Gasoline sales declined, while diesel consumption saw an increase.
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economictimes.indiatimes.com
Govt hikes domestic LPG prices by Rs 29 per cylinder
India imports 60% of its LPG requirement, with 90% of supplies sourced from West Asia. Despite the near closure of the Strait of Hormuz, India has managed to move some LPG cargoes…
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India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions
India's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied petroleum gas consumption plummeted by…
