India’s Fuel Consumption Slips Despite Record Crude Oil Imports

Despite recovering energy flows out of the Middle East, India’s fuel consumption last month fell by 3.7% from May to a total of 19.24 million metric tons, Reuters has reported, citing data from the country’s oil ministry. Fuel consumption was also down on the year in June, by 3.1%, the data showed. However, gasoline sales were up on the year, by a substantial 7.4%, even though they were down on the month, by 3.2%. Reuters suggested sales of gasoline to Russia played a role in the sales increase, as Ukrainian drone attacks on Russian…