Fuel demand in India continues to slump this month amid the COVID crisis in the world’s third-largest oil importer, with gasoline sales down to a one-year low and diesel consumption dropping to the lowest in seven months in the first two weeks of May. Sales of gasoline and diesel plunged by 20 percent in the period May 1-15 compared to April, when demand was already deteriorating, sources with knowledge of data from the three biggest fuel retailers told Bloomberg.
Compared to the same weeks in 2020, road fuel sales plummeted by 28 percent,…India Oil Demand Slumps By 20% In May Amid COVID Crisis
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