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India's Oil demand shrinks further as coronavirus crisis persists

The plunge in consumption at the world's third-biggest crude consumer will weigh on sentiment on oil prices and damp expectations for a strong global demand rebound in the summer

Topics
Indian oil demand | Coronavirus | Lockdown

Debjit Chakraborty | Bloomberg 



Lockdown in Mumbai
Lockdown in Mumbai. Photo: Bloomberg

India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19.

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First Published: Sun, May 16 2021. 17:45 IST

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