{"id":394720,"date":"2021-01-12T11:01:10","date_gmt":"2021-01-12T05:31:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394720"},"modified":"2021-01-12T11:55:14","modified_gmt":"2021-01-12T06:25:14","slug":"indias-annual-oil-usage-falls-for-the-first-time-in-21-years-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-annual-oil-usage-falls-for-the-first-time-in-21-years-2\/","title":{"rendered":"India\u2019s annual oil usage falls for the first time in 21 years"},"content":{"rendered":"<p>India\u2019s overall petroleum demand in 2020 fell for the first time in more than two decades as the Covid-19 pandemic shuttered businesses and factories, crimping the appetite of one of the world\u2019s biggest consumers.<\/p>\n<p>Demand for total petroleum products &#8212; including diesel, gasoline and jet fuel &#8212; slid 10.8 per cent from a year earlier, the first annual contraction in data going back to 1999, according to Bloomberg calculations of provisional figures published by the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell. Consumption was also at a five-year low of 193.4 million tons. <\/p>\n<p>Fuel demand from Asia\u2019s second-biggest oil importer collapsed by as much as 70 per cent after it embarked on one of the world\u2019s most stringent lockdowns in March. The drop resulted in a sharp cutback in crude processing and operations at petrochemical plants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s overall petroleum demand in 2020 fell for the first time in more than two decades as the Covid-19 pandemic shuttered businesses and factories, crimping the appetite of one of the world\u2019s biggest consumers. Demand for total petroleum products &#8212; including diesel, gasoline and jet fuel &#8212; slid 10.8 per cent from a year earlier, the first annual contraction in data going back to 1999, according to Bloomberg calculations of provisional figures published by the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell. Consumption was also at a five-year low of 193.4 million tons. Fuel demand from Asia\u2019s second-biggest oil importer [&hellip;]<\/p>\n","protected":false},"author":40,"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-394720","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\/394720","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=394720"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394720\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}