India’s Fuel Demand Increased by 3.2% Year-Over-Year in January

Fuel demand in India, the world’s third-largest crude oil importer, increased by 3.2% in January from a year earlier, although consumption was lower compared to December 2024, when holiday travel and the end of the monsoon season resulted in a surge in demand. India’s fuel consumption, used by analysts as a proxy for demand, stood at 20.49 million metric tons in January 2025, up from January 2024, but down from the December figure of 20.73 million tons, government figures showed on Friday. Consumption of diesel, the most used fuel in…