Business Standard

India's oil boom stalls

Gasoline consumption growth has been slowing since the middle of 2016

Demand for liquefied petroleum gas and kerosene used for cooking, heating and lighting as well as diesel used for transport all show signs of leveling off or actually falling in the first four months of 2017
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Demand for liquefied petroleum gas and kerosene used for cooking, heating and lighting as well as diesel used for transport all show signs of leveling off or actually falling in the first four months of 2017

John Kemp | Reuters London
India’s gasoline consumption has flattened out in recent months after tremendous growth between 2014 and 2016.
 
India’s motorists consumed 581,000 barrels of gasoline per day between February and April, according to the Petroleum Planning and Analysis Cell at the Ministry of Petroleum and Natural Gas.
 
Gasoline consumption rose by 4 percent compared with the same period a year earlier, a sharp slowdown from the 14 percent increase between 2015 and 2016..
 
Gasoline consumption growth has been slowing since the middle of 2016 after surging for the previous two years.
 
Consumption growth for most other fuels used

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