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India's oil demand may revive amid festivals and elections, shows S&P Global Commodity Insights

By Economic Times - 4 weeks ago
India's oil demand is expected to rise by 3.5-4% in Q4 2024 due to festive activities, agricultural needs, and election-related transportation. Despite a 2% drop in diesel demand caused by heavy monsoon rains, gasoline demand grew by 3%. Marriage season and automobile sales will further boost fuel consumption.

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