India’s fuel demand recovery gathered momentum in May as easing of lockdown restrictions helped nearly double the sales when compared with the previous month, according to preliminary data available from state-owned fuel retailers.
The demand is set to rise further as more curbs on transport and industrial activities have been lifted in the fifth phase of the nationwide coronavirus lockdown imposed to curb the spread of coronavirus. Lockdown 5.0 begins from June 1.
Petrol sales in May declined by 36.5 per cent to 1.59 million tonne as compared to the year-ago period, but were up from 9,73,000 tonne sold in April. In April, petrol sales declined 61 per cent.
