India’s lubricating oil demand edged down in July for the first time in three months amid a slowdown in economic activity during the monsoon season.Lube consumption of 307,000t in July fell by 1pc from year earlier levels, government data showed. The contraction followed a 7pc rise in consumption in May and a 10pc rise in June.The size of the slowdown lagged the 4pc fall in total lube sales to 2.36mn t in the first seven months of the year.India’s steadier lube demand in recent months coincided with more mixed economic growth signals amid high inflation, muted consumer demand and high interest rates..India’s July base oils imports rise
India’s lubricating oil demand edged down in July for the first time in three months amid a slowdown in economic activity during the monsoon season.Lube consumption of 307,000t in July fell by 1pc from year earlier levels, government data showed. The contraction followed a 7pc rise in consumption in May and a 10pc rise in June.The size of the slowdown lagged the 4pc fall in total lube sales to 2.36mn t in the first seven months of the year.India’s steadier lube demand in recent months coincided with more mixed economic growth signals amid high inflation, muted consumer demand and high interest rates..India’s July base oils imports rise
