India June fuel demand falls 3.7%

- India's fuel consumption in June fell about 3.7% from ​a month earlier to ​19.42 million metric tons, data from the Petroleum ​Planning and Analysis Cell (PPAC) of the oil ministry showed.* Fuel consumption eased from 20.18 million tons in May and was down 3.1% from a ‌year earlier.Also Read: India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions* ⁠Liquefied ⁠petroleum gas (LPG) consumption fell more than 14% from a year earlier to ​2.19 million tons.* India's imports of LPG from the U.S. were ​set to top 1 million tons in June, a record high, industry sources said last month, as New Delhi turned ​to costlier suppliers to offset disruption from ⁠the Middle ‌East.* Data showed gasoline sales were down ​3.2% from ​May but up 7.4% from a year earlier. ⁠Diesel consumption was up 6.2% from a year ​earlier but down 1.4% month-on-month.Also Read: El Nino threatens to fuel coal power surge in India, study says* Traders have ​sold gasoline produced by Indian refiner Nayara Energy to Russia, which is grappling with fuel shortages triggered by Ukrainian attacks on its energy infrastructure, two sources with direct knowledge of the matter said on Thursday.* Naphtha sales fell 42% ‌year-on-year, while bitumen consumption, used primarily in road construction, rose 14.7% from May but was down about ​18% on ​an annual basis.* ⁠Fuel oil usage fell about 20% from a month earlier.* India lowered windfall taxes on exports of diesel and aviation turbine ​fuel as global oil prices eased, while raising the duty on petrol exports, according to a government order last month.

The new rates came into force on July 1. ...