Indian economy growth: The Indian economy has seen a boom in the festive month of October. While the whole of India was celebrating Diwali, the Indian economy also flourished during this period. Investors invested about Rs 19 lakh crore in the Indian stock market. Due to which a rise of about 4.57 percent was recorded in the stock market.
Besides, the consumption of petrol in the country also increased during this period. Due to which the income of the Government of India increased. During this period, petrol consumption reached its highest level in five months. However, diesel consumption remained stable.
What does the data say?
According to information received from preliminary data of the oil industry, petrol consumption in the country reached its highest level in 5 months in the month of October. In the month of October, oil consumption increased by 7 percent compared to last year and reached 36.5 lakh tonnes.
Last year the sale of petrol was around 34 lakh tonnes. Which means, people traveled a lot in this festive season. Due to which the demand for petrol increased. However, the demand for diesel remained stable during this period. Nevertheless, a slight decline was recorded in its demand. Last year in the month of October it was 76.4 lakh tonnes, whereas this year it was 76 lakh tonnes.
There is a rise in demand for LPG
In the month of October, sales of cooking gas (LPG) increased by 5.4 percent to about 30 lakh tonnes. Experts believe that 25 lakh new connections have been given under the Pradhan Mantri Ujjwala Yojana. Due to which the demand for domestic gas has increased. The number of people joining the new connection has also increased. Due to which the demand for LPG is increasing.
There was a rise in fuel consumption in the first seven months of the current financial year starting from April 2025. During this period, petrol consumption increased by 6.8 percent to 2.48 crore tonnes. At the same time, a jump of 2.45 percent was recorded in the sales of diesel and it reached the figure of 5.33 crore tonnes. Whereas LPG consumption increased by 7.2 percent and stood at 1.97 crore tonnes. These figures clearly show that energy consumption is continuously increasing in the country.
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