Save for later Print Download Share LinkedIn Twitter India's fuel demand weakened in the first half of August as monsoon rains hit demand for transportation fuels and impacted consumption of diesel in the construction, mining and agriculture sectors. While gasoline sales marginally rose 0.8% during the first 15 days of August compared with same period in July to 765,000 b/d, diesel consumption contracted 11% during the same period to 1.43 million b/d, preliminary sales data of state-owned refiners showed. Jet fuel consumption contracted 0.7% during the first half of August compared with same period in July to 134,000 b/d, while liquified petroleum gas consumption shrank 8% to 889,000 b/d, the data showed. Fuel demand is likely to pick up pace as monsoon rains weaken going forward this month and with the advent of Hindu festival season in October.
