India’s lubricating oil demand rose in July for a sixth month in seven on the back of firm economic growth.Lube demand of 343,970t in July rose by 5pc from year-earlier levels, government data showed..The rise in demand lifted India’s total lube consumption to 2.69mn t in the first seven months of the year. The volume rose by 7pc from the same period last year to a record high.Demand has got support from the country's strong economic growth.India’s industrial production rose in May for a 15th month and at its fastest pace in a year. India’s automobile sales rose in June for a third straight month.The firm consumption mirrored strong demand throughout southeast Asia and contrasted with more muted lube demand in China..Indonesia's June base oils imports rise.The diverging trends have prompted regional refiners to adjust strategies for which China had previously been their largest target market for base oils.India’s lube consumption eased by 7pc from June, when monsoon rains were well below average. The month of July by contrast saw above-average rainfall.But the geographically uneven distribution of the rainfall left some regions with insufficient rain and the prospect of disruption to agricultural production.India’s tractor sales had risen for three straight months to June. They fell in July as the uneven rainfall resulted in a drop in crop sowing that typically takes place during the monsoon season..India’s June lube demand rises
