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India fuel demand extends recovery from 13-yr low as economic opens up

On a year-on-year basis, demand for diesel registered its fourth straight decline in June at 15.4%

The method of inter-mixing BS-IV and BS-VI fuels involved multiple sampling at different times to check if the older fuel has been completely exhausted through sale

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Diesel consumption, which accounts for about two-fifths of India's overall fuel usage, nearly doubled to 6.30 million tonnes last month from 3.26 million tonnes in April

Reuters

2 min read Last Updated : Jul 10 2020 | 9:13 AM IST

India's fuel demand in June extended its recovery from a 13-year low hit in April, lifted by a pickup in activity as the economy gradually reopens from lockdown restrictions imposed to combat the coronavirus pandemic, government data showed on Thursday.

Consumption of refined fuels, a proxy for oil demand, rose to 16.29 million tonnes in June, 11% above the prior month, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed.

However, demand was still down 7.9% compared with the same month a year ago.

Demand for fuel plunged to 9.94 million tonnes in April,

Topics : Coronavirus Lockdown India's fuel demand economic growth Fuel consumption