Indian domestic consumption of Petrol, Diesel has gone up, as the number of new vehicles on road has gone up by 36%. the domestic car sales were up 19.64% at 1,99,479 units as against 1,66,732 units in May 2017. Utility Vehicle sales rose 17.53% to 82,086 units, while sales of Van surged to 29.54 %, 19,673 units during the month.
Fuel consumption is a proxy for oil demand went up to 18.72 million tonnes in May 2018. Diesel sales went up by 7.55 million tonnes, petrol by 2.46 million tonnes, which is the highest record in consumption of oil so far since April 1998.