Consumption of petroleum products grew at the quickest pace on a monthly basis in five years during August, rising over 11% year-on-year (y-o-y) to nearly 16 million tonnes. It had increased 9.5% y-o-y on an average in the preceding three months.Analysts tracking the sector attributed the surge in petrol consumption to the ban on diesel vehicles in the NCR (National Capital Region) and increased sales of two-wheelers and passenger vehicles.
Both diesel and petrol led the way , growing at 14% and 25% respectively on a y-o-y basis during the month. Diesel consumption surged to a near five-year high on a monthly basis in August, primarily driven by commercial transportation.
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