India's February fuel demand falls to five-month low over surge in prices

By Bharat Gautam (Reuters) - India's fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world's third-biggest oil importer and consumer. Consumption of fuel, a proxy for oil demand, fell 4.

9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday. On a monthly basis, demand slipped.....

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