India’s fuel demand slumped 9.4 per cent in April when compared to the preceding month as lockdowns clamped in several states to curb the second wave of coronavirus sweeping the nation pummelled demand, official data showed on Wednesday.
Fuel consumption fell 9.38 per cent to 17.01 million tonnes in April from 18.77 million tonnes in March, data from Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC) showed.
India was under one of the world’s severest lockdowns in April 2020, bringing to a halt almost all economic activity. Fuel sales had halved that month, plunging to the lowest since 2006. Comparing on a yearly basis, fuel demand surged 81.5 per cent from April 2020 lows.
