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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…
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thehindubusinessline.com
India's May fuel consumption rises month-on-month, slips annually
India's May fuel consumption rose month-on-month but declined annually, with LPG usage dropping significantly amid supply crises.
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oilprice.com
India's Fuel Demand Falls 6.5%, LPG Consumption Drops 20% | OilPrice.com
India's fuel consumption fell 6.5% in May and LPG demand dropped 20% as Middle East supply disruptions and four rounds of fuel price hikes hit consumers hard.
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Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economy
India's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the Iran war. Total refined product…