Country’s fuel sales soar 12% in November on demonetisation

India’s fuel demand surged 12.1 per cent in November on the back of high petrol and diesel sales following demonetisation. 

After banning old 500 and 1,000 rupee notes on November 8, the government allowed their use for paying for auto and cooking fuels for almost a month Petroleum product consumption rose to 16.64 million tonnes in November, up from 14.84 million tonnes in the same month a year back, according to the data released by the oil ministry here. 

Petrol consumption was up 14.4 per cent to 2.01 million tonnes while diesel sales soared 10.45 per cent to 6.75 million tonnes.16.55 million tonnes of petroleum products were sold in Oct 2016 with petrol sales at 2.1 million tonnes and diesel 6.67 million tonnes.