India's oil demand set to hit record high as recovery from Covid sets in

A trend for more commuters to use personal cars -- instead of buses, trains and other modes of public transport -- is expected to drive India's demand for gasoline

India, once the center of global oil demand growth, expects its fuel consumption to bounce back during the coming year as the nation recoups the losses caused by Covid-19.
 

Demand for gasoline, diesel and other fuels will reach a record 215.24 million tons in the 12 months through March 2022, according to estimates by the Petroleum Planning and Analysis Cell of India’s oil ministry. That’s almost a 10 per cent rebound from the current year, which has been hit hard by the virus.

At one stage last year, India’s fuel consumption plunged by as much