oil-products - Latest News on oil-products | Read Breaking News on Zee News

Oil demand to grow 5.2% on poor rains, power shortages: CMIE

Last Updated: Sunday, September 30, 2012, 12:30

The ongoing issues in the power sector, which is badly hit by coal and gas shortages, coupled with poor monsoons in some states, will increase the demand for oil products, which is set to increase to 5.2 percent this fiscal from 4.4 percent a year ago, says the Centre for Monitoring Indian Economy (CMIE).