India’s Q1 oil demand growth momentum seen spilling over to Q2 as elections loom

Capt. John

India’s oil products demand rose 4.3% on the year to 60.89 million mt (5.3 million b/d) in Q1, with gasoline, diesel, and jet fuel registering robust gains — a trend likely to continue in Q2, as the country draws closer to its federal elections starting late-April. Although high crude oil prices...

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