India’s oil products consumption falls 4% on month in April Initial May consumption trend showing healthy recovery signs India’s oil demand to grow 245,000 b/d in 2022: Platts Analytics India’s sustained uptrend in oil consumption came to a halt and slipped into the red in April from March levels as rising domestic retail fuel prices on the back of surging crude took a toll on gasoline, diesel and LPG demand, but analysts said the trend could get reversed in May. Receive daily email alerts, subscriber notes & personalize your experience. Register Now They noted that despite the month-on-month slowdown in oil products consumption in April, year-on-year demand posted solid growth and fundamentals for sustained demand revival were intact, with India expected to post robust year-on-year demand growth for the whole of 2022. “Middle distillates will account for more than half of 2022 growth, partly due to a slow […]