India’s fuel demand rebounds in June after slumping to a nine-month low

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.

Petrol sales rose 5.6 per cent year-on-year to 2.4 million tonnes in June. It was up 21 per cent from May sales of 1.99 million tonnes.