Data from India's Ministry of Petroleum shows that India consumed 21.27 million tons of various fuels in November, a 3% increase year-on-year and the highest level since May 2025. India's monsoon season begins after May. Gasoline demand declined in November from October but increased by 2.6% compared to November 2024. Diesel consumption, the most widely used fuel in India, jumped to 8.55 million tons, a 12.2% increase from October and a 4.7% increase compared to November 2024.

Total fuel consumption in India increased by 3% year-on-year in November, reaching a new high since May 2025. Diesel consumption, in particular, increased by 12.2% month-on-month and 4.7% year-on-year, indicating strong oil demand. As a major crude oil importer, India's demand growth may push up spot crude oil prices due to potential supply-side pressures.

Gasoline demand declined month-on-month from October but increased by 2.6% year-on-year compared to November 2024, indicating overall demand is stable with a slight upward trend. The short-term month-on-month decline may be affected by seasonal factors (such as the end of the rainy season), but the year-on-year increase provides slight support for gasoline spot prices, resulting in a neutral to slightly positive outlook.

Diesel consumption jumped to 8.55 million tons, up 12.2% month-on-month and 4.7% year-on-year, making it India's most commonly used fuel and reflecting strong industrial and transportation demand. This surge in demand directly benefits diesel spot prices and may drive up refining margins, boosting bullish market sentiment.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.