India's fuel demand recovered last month after slumping to a nine-month low in May, as restrictions to curb the spread of the pandemic were eased and mobility picked up. Fuel consumption, a proxy for oil demand, rose 8% from May to 16.34 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Friday. A second Covid-19 wave, which stalled mobility and dulled economic activity, dragged fuel consumption to its lowest since August in May. Pandemic infections have, however, eased from May's peak, ...
India's June fuel demand recovers as lockdowns ease and mobility picks up
Fuel consumption, a proxy for oil demand, rose 8% from May to 16.34 million tonnes
Reuters Last Updated at July 10, 2021 12:13 IST