Monday, April 12, 2021

Deserted streets raise alarm over India's fuel demand recovery

Consumption of diesel -- the fuel that keeps India’s trucks, farms and factories running and accounts for almost 40% of oil-product sales -- was around 3% below 2019 levels in March. Industry consultant FGE cut its growth estimates for key fuels this quarter to about 30% from a year earlier, compared with an earlier projection of almost 35%.

from Energy-Industry-Economic Times https://ift.tt/3a8Gign

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