No major spurt in Fuel Consumption post demonetisation

Despite the acceptance of banned high currency notes at petrol pumps, there was no significant surge in the consumption of petrol (motor spirits) and diesel (high-speed diesel) in the month of November. The petrol consumption recorded a growth of 14.2 per cent in November 2016, as compared to November 2015 and a cumulative growth of 11.7 per cent for the period April-November 2016. The diesel consumption in the country recorded a growth of 10.5 per cent in November 2016, as compared to November 2015 and a cumulative growth of 4.1 per cent for the period April-November 2016. As per the Petroleum Planning & Analysis Cell (PPAC) report, the consumption of both petrol and diesel remained average in November when compared to the rest of the months this year.