India’s Auto Sales Trigger Oil Demand Rising 11% to Record
- Gasoline sales rise 12%, diesel use increases 5.6% in 2016
- Country’s gasoline consumption this year to grow 10%: FGE
India's Auto Sales Spur Oil Demand
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India’s oil consumption surged 11 percent to the most on record last year as rising income levels spur greater use of cars, trucks and motorbikes, expanding fuel demand.
The world’s second most populous nation consumed 196.5 million tons of oil products in 2016, up from 177.5 million tons in 2015, according to the Oil Ministry’s Petroleum Planning and Analysis Cell. Gasoline demand increased 12 percent in the year to 23.7 million tons and diesel consumption grew 5.6 percent 76.7 million tons.