June fuel consumption rises 17.9% YoY as demand hits pre-pandemic levels
India’s fuel consumption in June rose by 17.9% from a year earlier, government data showed on Friday, as demand in the world’s No.3 oil consumer headed back towards pre-pandemic levels.
Global oil prices have surged in response to concerns about tight supplies and disruption linked to oil producer Russia’s invasion of Ukraine, but Indian consumers have to an extent been sheltered as Indian refiners have bought cheaper Russian fuel the West has shunned.
