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Chairman of Indian Oil Corporation Sanjiv Singh speaks during the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, 2019. REUTERS/Lai Seng Sin
SINGAPORE (Reuters) – Growth in India’s fuel demand is expected to remain above 4% this year, driven by consumption of gasoline and jet fuel in the transportation sector, the head of the country’s largest state-owned refiner said on Tuesday.
Gasoline and jet fuel demand are expected to rise by 7% to 8% this year, while diesel consumption could increase by 3%, Indian Oil Corp Chairman Sanjiv Singh told Reuters.
Reporting by Florence Tan; Editing by Joseph Radford
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