India’s fuel demand highest since April amid easing of local Covid-19 restrictions ...News

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India’s fuel demand highest since April amid easing of local Covid-19 restrictions
Demand for fuel in India recovered in July, climbing to a three-month high as severe restrictions put in place due to the Covid-19 pandemic are gradually being eased in most states, stimulating industrial activity and mobility. July fuel consumption rose by 2.9% against the previous month, reaching 16.83 million tons, according to data from the Petroleum Planning and Analysis Cell (PPAC). Year-over-year growth reportedly totaled 7.9%. India’s fuel consumption in May dropped to a nine-month low as the nation imposed tough restrictions and lockdowns in most of the states due to the second wave of the coronavirus.

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