‘Recovery in fuel demand may be hit’
The Hindu
Diesel, petrol, jet fuel and LPG demand all declined in the first half of April from a month earlier and the trend is likely to worsen in the second half with more states imposing restrictions.
Rising coronavirus infections, prompting a slew of local lockdowns across the country, are threatening to slow recovery in fuel demand as stronger containment measures will hit economic activity, officials said on Monday. After Maharashtra, Delhi and Rajasthan have imposed limited-period lockdowns, which will impact travel and business activity. Other States have implemented curfews at different times of the day and of varying durations.
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