India fuel consumption picks up in June as lockdowns ease

India’s auto fuel demand picked up in June as economic activity accelerated after the easing of pandemic-related lockdowns, preliminary sales data showed on Thursday.

State-run refiners sold 2.12 million tonnes of gasoline last month, up 29.35per cent from May and about 5.7per cent from the year-earlier period.

Sales of gasoil, which accounts for about two-fifths of India’s overall refined fuel consumption and is directly linked to industrial activity in Asia’s third-largest economy, rose 18.5per cent from May to 5.36 million tonnes, but were down 1.84per cent from June 2020. Read More…

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