Saturday, July 10, 2021

India's fuel demand rebounds in June after hitting nine-month low in May

India's fuel demand rebounded in June after slumping to a nine-month low in the previous month as restrictions to curb the spread of the pandemic were eased, helping economic activity and mobility to pick up.

Fuel consumption rose 1.5 per cent to 16.33 million tonnes in June from a year earlier and by 8 per cent over May 2021, data from the Petroleum Planning and Analysis Cell (PPAC) of Ministry of Petroleum and Natural Gas showed.

With airlines yet to resume full-scale operations because of travel restrictions around the globe, jet fuel sales at 2,58,000 tonnes was up 16.2 per cent year on year but 61.7 per cent lower than June of 2019.

The then Oil Minister Dharmendra Pradhan had last month stated that India's fuel demand would recover to pre-pandemic levels by the end of 2021.

10/07/21 PTI/Business Standard

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