{"id":366099,"date":"2020-08-04T10:51:36","date_gmt":"2020-08-04T05:21:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366099"},"modified":"2020-08-04T10:51:36","modified_gmt":"2020-08-04T05:21:36","slug":"new-wave-of-lockdowns-takes-toll-on-diesel-sales-puts-spoke-in-indias-recovery-wheel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/new-wave-of-lockdowns-takes-toll-on-diesel-sales-puts-spoke-in-indias-recovery-wheel\/","title":{"rendered":"New wave of lockdowns takes toll on diesel sales, puts spoke in India&#8217;s recovery wheel"},"content":{"rendered":"<p>Indian sales of diesel &#8212; the lifeblood of the Asian giant\u2019s economy &#8212; appear to have fallen sharply last month as several provinces imposed small-scale lockdowns to curb record daily infection rates.<br \/>\nDiesel sales at India\u2019s three biggest fuel retailers dropped 13% in July from the previous month and were down 21% year-on-year, according to preliminary data from officials with direct knowledge of the matter. It\u2019s a stark reversal from the previous couple of months when rebounding sales of the fuel were heralded as evidence the economy was on the mend following the world\u2019s biggest national lockdown.<\/p>\n<p>While diesel demand typically falls at this time of the year due to the monsoon, the decline exceeds the 8% month-on-month drop at the same point last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian sales of diesel &#8212; the lifeblood of the Asian giant\u2019s economy &#8212; appear to have fallen sharply last month as several provinces imposed small-scale lockdowns to curb record daily infection rates. Diesel sales at India\u2019s three biggest fuel retailers dropped 13% in July from the previous month and were down 21% year-on-year, according to preliminary data from officials with direct knowledge of the matter. It\u2019s a stark reversal from the previous couple of months when rebounding sales of the fuel were heralded as evidence the economy was on the mend following the world\u2019s biggest national lockdown. While diesel demand [&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-366099","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\/366099","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=366099"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366099\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}