India’s Gasoline and Diesel Demand Surged in December

Holiday travel caused a surge in the demand for gasoline and diesel last month in India, with gasoline seeing a 9.8% increase to 2.99 million tons in December, and diesel demand up 4.9% to 7.07 million tons, the Economic Times reported, citing data from state-owned refiners. The report noted that the solid increase in demand comes after months of tepid consumption on the back of seasonal factors: during the monsoon season, there is not as much travel in India as there is outside that season. There is also subdued agricultural activity during the…