India’s fuel demand dips 11.7% in July

After showing signs of recovery in the past month, India’s fuel demand dipped 11.7% in July, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas.

Fuel consumption, a reflection of economic activity in the country, had dropped by over 45% in April after the nation went under a covid-19 induced lockdown late March, stalling industrial activity and vehicular movement.

However, with easing of lockdown through the months of May and June, the fuel demand had picked up.