India’s petro demand grew 3.1 per cent to 107.4 million tonne in 2003-04 on pick up in diesel consumption in the second half of the year.
Diesel demand, an indicator of the state of economy, grew 1.6 per cent to 37.2 million tonne as against 36.6 million tonne consumed last year, Petroleum Secretary B.K. Chaturvedi said.
‘‘Domestic demand is growing. After a slack period, the demand has picked up on growth in the economy. If economy continues to grow at the current pace, we expect petroleum product consumption to rise by close to 4 per cent in 2004-05,’’ he said. India consumed 104.1 million tonne of petroleum products in 2002-03. Petrol demand rose 5 per cent to 7.9 million tonne.