New Delhi, March 26 -- India's fuel consumption saw a decline in February 2025, primarily due to a shift towards alternative fuel sources such as electric vehicles (EVs) and compressed natural gas (CNG), according to a report by SBI Securities.

The report highlighted that petrol consumption in India fell to a 12-month low of 3.1 million metric tonnes (MMT) in February, marking a 5.4 per cent decline month-on-month (MoM). However, on a year-on-year (YoY) basis, petrol consumption was still 3.5 per cent higher compared to February 2024.

Notably, this was the lowest petrol consumption recorded in the current financial year. The highest petrol consumption during the period was in May 2024, at 3.4 MMT.

The report said "Diesel demand continu...