Fuel demand rises 6.1% year-on-year

 India's fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. A proxy for oil demand, totaled 17.62 million tons in July, down 5.7% from 16.68 million tons in June. As higher prices are starting to impact demand, fuel demand is softer than the prior month

Sales of gasoline, or petrol, were 6.8% higher from a year earlier at 2.81 million tons. Gasoline and petrol fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods, per preliminary sales data. 

Cooking gas or liquefied petroleum gas (LPG) sales increased 1.7% to 2.41 million tons, while naphtha sales fell 6.2% to 1.14 million tons