Fuel demand in the world’s third-largest crude oil importer, India, jumped by 10.2% in November from a year earlier, according to official data released on Friday. Gasoline consumption rose 8.1% year over year in November, per data from the Petroleum Planning and Analysis Cell (PPAC) of the Indian Petroleum Ministry cited by Reuters. Demand for naphtha slumped by 18.2%, but sales of bitumen, primarily used for making roads, surged by 30.3%. India’s fuel oil consumption rose by 8.4% last month compared to the same month of 2021. Recovering…
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