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

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.....

This article is no longer available in our repository.

There could be multiple reasons for this.