{"id":346952,"date":"2020-04-16T11:33:45","date_gmt":"2020-04-16T06:03:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346952"},"modified":"2020-04-16T11:33:45","modified_gmt":"2020-04-16T06:03:45","slug":"indias-annual-fuel-demand-to-decline-5-6-in-2020-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-annual-fuel-demand-to-decline-5-6-in-2020-iea\/","title":{"rendered":"India&#8217;s annual fuel demand to decline 5.6% in 2020: IEA"},"content":{"rendered":"<p>NEW DELHI: International Energy Agency (IEA) has estimated India&#8217;s annual fuel consumption &#8211; a proxy for oil demand &#8211; will decline 5.6% in 2020 to 4.73 million barrels per day (bpd), compared with growth of 2.4% forecast in its March report.<\/p>\n<p>India&#8217;s gasoline demand will decline 9% to 667,000 bpd this year, while diesel will drop 6.1% to 1.65 million bpd, the IEA said in a report on Wednesday.<\/p>\n<p>Fuel demand and refinery utilisation rates are being impacted by a nation-wide lockdown to stem the spread of coronavirus.<\/p>\n<p>IEA sees April refinery runs to be 1.8 million bpd lower than recent monthly average levels, with capacity use rising in third quarter on demand recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: International Energy Agency (IEA) has estimated India&#8217;s annual fuel consumption &#8211; a proxy for oil demand &#8211; will decline 5.6% in 2020 to 4.73 million barrels per day (bpd), compared with growth of 2.4% forecast in its March report. India&#8217;s gasoline demand will decline 9% to 667,000 bpd this year, while diesel will drop 6.1% to 1.65 million bpd, the IEA said in a report on Wednesday. Fuel demand and refinery utilisation rates are being impacted by a nation-wide lockdown to stem the spread of coronavirus. IEA sees April refinery runs to be 1.8 million bpd lower than [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-346952","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=346952"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346952\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}