OIL & GAS

India’s Nayara Energy sees diesel recovery to pre-COVID-19 level by end-2021

India’s diesel demand growth is likely to return to pre-COVID-19 levels by the end of 2021 or early 2022, Ashutosh Deshpande, vice president of private Indian oil refiner Nayara Energy, said at the Platts APPEC 2020 virtual conference.

Deshpande said a recovery in economic activity, good monsoon rains and the festival season in Indian would augur well for the diesel demand.

India’s diesel demand has already recovered from April’s lows, when the nation was under complete lockdown to prevent spread of COVID-19.

Source
ET Energy World
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