{"id":419732,"date":"2021-06-10T11:55:52","date_gmt":"2021-06-10T06:25:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=419732"},"modified":"2021-06-10T12:53:55","modified_gmt":"2021-06-10T07:23:55","slug":"indian-may-fuel-demand-hits-9-month-low-as-covid-19-stalls-activity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-may-fuel-demand-hits-9-month-low-as-covid-19-stalls-activity\/","title":{"rendered":"Indian May fuel demand hits 9-month low as COVID-19 stalls activity"},"content":{"rendered":"<p>India\u2019s fuel demand slumped in May to its lowest since August last year with a second COVID-19 wave stalling mobility and muting economic activity in the world\u2019s third largest oil consumer.<\/p>\n<p>Oil demand fell 11.3% to 15.11 million tonnes compared to the previous month and was down 1.5% from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed on Wednesday.<\/p>\n<p>\u201cIt\u2019s primarily because of the lockdowns, but it\u2019s very difficult to isolate the impact on demand as even high oil prices could sort of pinch a little bit in terms of demand recovering more slowly,\u201d said Prashant Vashist, Vice President and Co-Group head at ICRA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s fuel demand slumped in May to its lowest since August last year with a second COVID-19 wave stalling mobility and muting economic activity in the world\u2019s third largest oil consumer. Oil demand fell 11.3% to 15.11 million tonnes compared to the previous month and was down 1.5% from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed on Wednesday. \u201cIt\u2019s primarily because of the lockdowns, but it\u2019s very difficult to isolate the impact on demand as even high oil prices could sort of pinch a little bit in terms of demand [&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],"tags":[],"class_list":["post-419732","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419732","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=419732"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419732\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=419732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=419732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=419732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}