India’s fuel demand is set to recover as authorities eased restrictions from Monday on industrial activity and transport in areas that have contained the spread of coronavirus, Oil Minister Dharmendra Pradhan said on social media.
State companies’ sale of gasoil and gasoline is also showing signs of demand revival. Sales of two fuel gasoil and gasoline in the later part of April recovered from the first half of the month, provisional industry data provided by two sources, who asked not to be named, shows.
“Sales of petrol, diesel and jet fuel have reduced by 70% in April from a year ago,” Pradhan said in Hindi.
