India’s demand for petroleum products is increasing at the fastest rate among large economies of the world. The fuel consumption for 2015-16 increased 10.9 per cent to 183.5 million tonnes and is expected to reach 200 million tonnes in 2016-17, as per Mr A K Shawney, Additional Secretary, Ministry of Oil. The expected consumption for 2016-17 would be the highest such demand in past 16 years.
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