Petrol, diesel demand expected to rebound in FY21

NEW DELHI : India’s fuel demand is forecast to rebound to 3.8 per cent in the next fiscal starting April from its slowest pace in six years, according to oil ministry estimates.

Petroleum product demand in 2020-21 is expected to total 222.79 million tonnes, up from 216 million tonnes estimate for the current fiscal, the ministry’s Petroleum Planning and Analysis Cell (PPAC) said.

Fuel consumption in the current fiscal ending March 31 will grow by just 1.3 per cent, its slowest pace in six years.