India's diesel consumption to rise 3%–4% in current fiscal year
10/23/2024 9:00:00 AM
India's annual diesel consumption is expected to rise by 3%–4% in the current fiscal year to March 31, said V. Satish Kumar, chairman of Indian Oil Corp (IOC).
India's annual diesel demand in April–September, half of this fiscal year, rose 1% to 44.4 MMt, according to government data, even though heavy rains curtailed the movement of trucks.
"There will be a pick-up in diesel consumption from October as rains have stopped and crop harvesting has begun," V. Satish Kumar told reporters on the sidelines of an event organized by the World Biogas Association.
IOC is India's largest fuel retailer and refiner.
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