August 7, 2023 9:13 PM

Petroleum products consumption grows 10% in Fiscal Year 2022-23

Petroleum products consumption has grown by 10 per cent in the Fiscal Year (FY) 2022-23 (provisional), hitting 223 million metric ton (MMT) from 202 MMT in FY 2021-22 (provisional). The growth is led by a 13 per cent increase in petrol and 12 per cent in diesel. In a written reply in Rajya Sabha on Monday (07 August 2023), Minister of State for Petroleum and Natural Gas Rameswar Teli has attributed this growth to the country's overall economic development, urbanization, and rise in veh...