NEW DELHI: India’s fuel demand is beginning to flatline after showing signs of returning to life, as consumption dipped 11.7 per cent in July, official data showed.
Fuel consumption, a barometer of economic activity in the country, had slumped by over 45 per cent in April as nationwide lockdown halted most vehicular traffic and shut industries. However, with easing of lockdown restrictions, the demand picked up in May and June with month-on-month increase in consumption numbers.
This story is from the August 13, 2020 edition of Millennium Post Delhi.
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This story is from the August 13, 2020 edition of Millennium Post Delhi.
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