India’s fuel demand posts its first yearly increase since February
NEW DELHI: India’s fuel demand posted its first yearly increase since February as a spurt in diesel demand ahead of the festival season pushed consumption to pre-Covid-19 levels. Total demand for petroleum products rose 2.5 per cent in October to reach 17.77 million tonnes compared to 17.34 million tonnes a year back, according to provisional […]
India’s fuel demand nearly halves in April amid lockdown
NEW DELHI: India’s fuel demand dipped 45.8% in April from a year earlier, as a nationwide lockdown and travel curbs to combat the spread of novel coronavirus eroded economic activity. Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes – its lowest since 2007, government data showed on Saturday. State fuel retailers […]