India’s fuel demand to grow at 6 percent

By IANS,

New Delhi : India’s demand for oil will grow at six percent, the same as last year, Petroleum Secretary R.S. Pandey said here Monday.

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“We are growing by six percent per annum, and I think we’ll continue to grow at this rate,” Pandey told reporters on the sidelines of the inaugural function for the Oil and Gas Conservation Fortnight 2009.

He said India should emulate the example of Japan to improve production of hydrocarbons. While India’s efficiency in this sector is better than West Asia, it had to “move towards the standards of Japan”, he said.