India’s petroleum product consumption has sharply recovered from the lowest slump recorded since 2007, after the world’ longest lockdown ended and reached 88% last month, the petroleum ministry said on Wednesday.
Also, the demand for bitumen used in road construction has gone up by 32% in June as compared to last year, due to the road building activity picking up.
India’s power and overall energy demand, which had nosedived, is slowly returning to its pre-lockdown levels. Consumption of energy—especially electricity and refinery products—is typically linked to overall demand in an economy.
