.. Second Wave Of Covid-19: India's Fuel Demand Slips To Nine-month Low In May
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12 Jun 2021

Summary

  • India's fuel demand in May slumped to its lowest in nine months as restrictions to curb the second wave of COVID infections stalled mobility and muted economic activity.

  • Fuel demand fell 1.5 per cent to 15.1 million tonnes despite the low base of May 2020 and was down 11.3 per cent when compared to the previous month, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry.

  • India was under one of the world's strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.

  • This year, though the infection rate is much severe, restric......

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