India's fuel demand increases by most in a decade

Oil

India's total fuel consumption (a proxy for oil demand) in September rose by 15.3% y-o-y to 14.7Mt, according to data from the country's Petroleum Planning and Analysis Cell. This is the fastest growth in a decade. Overall consumption was supported by robust growth in gasoline (25.4% to 532K b/d) and diesel (20.1% to 1.46M b/d).