New Delhi — Preliminary figures released by the Ministry of Petroleum and Natural Gas indicate that India’s consumption of gasoline and diesel rose in June 2024 compared with the previous month, according to a Reuters report [Source](https://news.google.com/rss/articles/CBMivAFBVV95cUxQZFVLYmxmS0NEcjg5WjI1Q0xPcGF1WGVKcDNkcDE4MGRHaWhLWmw3UTlGQVRCUV9Dek03Z1R4SkVuM0NHeWZ2aTBxNkdTeXhpZVlLeFA1Y180Tml6eWtJN3NpemFZbnZGd2lwemJnNHhaODhYYmhPYVJCd0EwNGhMMERvclRuNHhrMm0tWmpWTkVRZWpPTnVvT2dLYmRLam1zNE45LXM2bWZnZ1FxdE51bjR3VXZyaFZXMXZ5UA?oc=5).
The ministry’s data, which are still provisional, show a month‑on‑month increase in both fuels. The rise follows a period of higher demand during the summer travel season and comes as the government continues to monitor fuel supply dynamics amid global price volatility.
Analysis: The uptick in consumption suggests that domestic mobility—particularly private vehicle travel and commercial transport—remains robust despite elevated international oil prices. Higher demand could pressure the government’s subsidy and price‑capping mechanisms, especially for diesel, which is heavily used in freight and public transport. If the trend persists, it may also influence the Reserve Bank of India’s inflation outlook, as fuel prices are a key component of consumer price indices. Policymakers will likely watch the final, detailed figures expected later this month to assess whether additional measures are needed to stabilize retail fuel prices.
Sources
– Reuters, “India’s gasoline, diesel consumption rises in June, preliminary data shows,” Google News India RSS feed. https://news.google.com/rss/articles/CBMivAFBVV95cUxQZFVLYmxmS0NEcjg5WjI1Q0xPcGF1WGVKcDNkcDE4MGRHaWhLWmw3UTlGQVRCUV9Dek03Z1R4SkVuM0NHeWZ2aTBxNkdTeXhpZVlLeFA1Y180Tml6eWtJN3NpemFZbnZGd2lwemJnNHhaODhYYmhPYVJCd0EwNGhMMERvclRuNHhrMm0tWmpWTkVRZWpPTnVvT2dLYmRLam1zNE45LXM2bWZnZ1FxdE51bjR3VXZyaFZXMXZ5UA?oc=5.
Story synopsis gathered from: Google News India — source
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Story synopsis gathered from: Google News India — source
