Fuel demand drops to two-year low in September
Fuel consumption in September fell by 1.6% year-on-year to 17.92 million metric tons, its lowest in two years, oil ministry data showed on Monday (October 7, 2024), as above-normal monsoon rains continued to weigh on diesel demand. WHY IT IS IMPORTANT: India is the third-largest consumer and importer of oil. The data is a proxy…
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