India’s lubricating oil demand continued to trend lower in May even as domestic base oils output and imports held firm.Lube consumption of 296,000t in April rose from 280,000t the previous month but fell by 2pc from year-earlier levels, government data showed.Demand fell from year-earlier levels for the thirteenth time in fourteen months.The slowdown cut total consumption to 1.72mn t in the first five months of the year, down 7pc from 1.85mn t during the same period last year.Lower demand contrasted with rising domestic base oils production. The trend gave blenders the leverage to maintain lower inventories and to replenish stocks as and when required..India’s April base oils output holds firm.Contact us for more information about the data for these stories
India’s lubricating oil demand continued to trend lower in May even as domestic base oils output and imports held firm.Lube consumption of 296,000t in April rose from 280,000t the previous month but fell by 2pc from year-earlier levels, government data showed.Demand fell from year-earlier levels for the thirteenth time in fourteen months.The slowdown cut total consumption to 1.72mn t in the first five months of the year, down 7pc from 1.85mn t during the same period last year.Lower demand contrasted with rising domestic base oils production. The trend gave blenders the leverage to maintain lower inventories and to replenish stocks as and when required..India’s April base oils output holds firm.Contact us for more information about the data for these stories
