BPCL sees gasoline, diesel demand returning to pre-Covid levels in July

CHENNAI/BENGALURU – India’s gasoline and diesel demand is expected to return to pre-lockdown levels in July, an executive at the country’s second largest fuel retailer Bharat Petroleum Corp said on Thursday.

“The current demand for petrol and diesel is at 70% of levels seen before the lockdown,” Vijayagopal N, director of finance at BPCLNSE 2.51 %, said in a call with analysts on Thursday.

Demand was recovering more quickly for gasoline than for diesel, he said, adding that it would take longer for consumption of other crude products such as bitumen and jet fuel to return to levels seen before the pandemic struck.