{"id":374390,"date":"2020-09-21T10:41:59","date_gmt":"2020-09-21T05:11:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374390"},"modified":"2020-09-21T10:41:59","modified_gmt":"2020-09-21T05:11:59","slug":"covid-19-pain-indias-fuel-demand-to-contract-11-5-in-2020-says-fitch-solutions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-pain-indias-fuel-demand-to-contract-11-5-in-2020-says-fitch-solutions\/","title":{"rendered":"Covid-19 pain: India&#8217;s fuel demand to contract 11.5% in 2020, says Fitch Solutions"},"content":{"rendered":"<p>New Delhi: Fitch Solutions has revised downward its forecast for fuel demand contraction in India to 11.5 per cent in 2020 in line with further deterioration in the country&#8217;s economic outlook.<\/p>\n<p>Its economists forecast India&#8217;s real GDP to contract by 8.6 per cent in the fiscal year 2020-21 (April 2020 to March 2021), down from -4.5 per cent previously.<\/p>\n<p>&#8220;Demand weakness is spread across the board, with both consumer and industrial fuels set for the steep decline,&#8221; Fitch Solutions said in a note. &#8220;We have made a further downward revision to our India refined fuels demand forecast for 2020, from -9.4 per cent to -11.5 per cent, in line with further deterioration in the country&#8217;s economic outlook.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Fitch Solutions has revised downward its forecast for fuel demand contraction in India to 11.5 per cent in 2020 in line with further deterioration in the country&#8217;s economic outlook. Its economists forecast India&#8217;s real GDP to contract by 8.6 per cent in the fiscal year 2020-21 (April 2020 to March 2021), down from -4.5 per cent previously. &#8220;Demand weakness is spread across the board, with both consumer and industrial fuels set for the steep decline,&#8221; Fitch Solutions said in a note. &#8220;We have made a further downward revision to our India refined fuels demand forecast for 2020, from [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-374390","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374390","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374390"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374390\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}