India's petroleum demand growth slowed to 3.5% this fiscal, down from 5.1% last year, mainly due to reduced diesel consumption and declining bitumen sales. Diesel sales rose 4.2% in January due to increased holiday demand and freight movement. Petrol sales remained strong, growing at 7.9% in April-January. Bitumen consumption declined by 4.9%, indicating slower road construction.
New Delhi: India's petroleum products demand growth has slowed to 3.5% this fiscal year from 5.1% in the previous year on slower growth in diesel consumption and a decline in the sales of bitumen that's used for building roads.
Trump-Modi Meet The mega MIGA, MAGA plans of India's Modi and US' Trump Trump says India has more tariffs than others Trump's 'golden rule' for imposing reciprocal tariffs Diesel, which accounts for 38% of the country's petroleum product sales volume, grew 2.4% in the April-January period, down from 4.3% in the previous year.
The sales were affected by an extended rainy season that affected freight movement.
Diesel sales have, however, picked up in the last few months, with sales in January registering a 4.2% year-on-year growth.
The January growth was "driven by increased demand due to holiday season, manufacturing and freight movement," the oil ministry said in its monthly analysis.
It was also supported by increased rural consumption, government spending and Mahakumbh tourism, it said.
Consumption of bitumen, used almost entirely for road building in the country, fell 4.9% in the April-January period.
In January though it grew by 1.7%. A decline in bitumen consumption is indicative of slower road building in the country.
Sales of naphtha fell 2.9%. Petrol sales have been robust through the year, growing at 7.9% in the April-January period and 6.7% in January.
Last year, it grew 6.2%. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Advanced C++ Mastery: OOPs and Template Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Finance Crypto & NFT Mastery: From Basics to Advanced By - CA Raj K Agrawal, Chartered Accountant View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Legal Complete Guide to AI Governance and Compliance By - Prince Patni, Software Developer (BI, Data Science) View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Technology Certified Jenkins Professional By - Vskills, India's Leading Certification Body View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program "The growth in petrol is primarily attributed to increased personal mobility and winter tourism (largely dominated by Mahakumbh 2025)," the ministry said.