India's oil demand down 5.5% YoY in February 2021

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India's oil demand down 5.5% YoY in February 2021

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Diesel demand was down 8.5 per cent YoY in February 2021. This was primarily due to weak diesel demand from railways and state transport.

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Petrol demand was also down 3 per cent YoY. This was the first decline after growth for 5 straight months.

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LPG demand was up 7.2 per cent YoY in February 2021.

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ATF demand was down 37 per cent YoY. The demand of ATF has been declining since the start of this fiscal.

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India's oil demand continued to be on a declining trend in February and was down 5.5 per cent YoY. Shivani Sharma, Pragati Srivastava