Indian Jet Fuel Demand Stays Put

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India's domestic jet fuel consumption held steady in the first half of October compared with September, according to preliminary sales data of state-owned oil firms. The refiners sold 143,000 b/d of aviation fuel during the first 15 days of October compared with 142,000 b/d in September. Jet fuel sales were 22% higher than the same period last year. Passenger traffic is slowly picking up. September domestic passenger numbers rose 2.4% versus the prior month to 10.4 million. In the pre-Covid-19 year of 2019, domestic passenger flows totaled 11.5 million in September. With the Diwali festival season in the second half of October, jet fuel demand is likely to pick up momentum as air traffic surges with homebound travelers.

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