India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry

India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry
Motorists wait for their turn to fill petrol at a gas station in Lucknow. Image Source: Reuters

India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

"Demand for petroleum products is increasing as the economy grows. India has the best growth amongst the large economies in the world ... we have massive hunger for petroleum products," said oil ministry Additional Secretary A K Sawhney.

ALSO READ: India's fuel demand rose 12% year-on-year in November

India`s fuel consumption surged 10.9% to 183.5 million tonnes in 2015-16.

A level of 200 million tonnes would compare to almost one billion tonnes in the United States (US) fuel consumption and to around 575 million tonnes of demand in China.

ALSO READ: India's trade deficit narrows to $10.37 billion in December

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Written By: Reuters
Updated: Mon, Jan 16, 2017
01:40 PM IST
Mumbai, Reuters
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