New Delhi: India's fuel demand rebounded in June after slumping to a nine-month low in the previous month as restrictions to curb the spread of the pandemic were eased, helping economic activity and mobility to pick up. Petrol sales rose 5.6 per cent year-on-year to 2.4 million tonnes in June. Fuel demand had recovered to near-normal levels in March before the onset of the second wave of COVID-19 infections led to the re-imposition of lockdowns in different states, stalling mobility and muting economic activity. Fuel demand showed signs of resurgence in June after restrictions began to be eased and the economy gathered pace. The then Oil Minister Dharmendra Pradhan had last month stated that India's fuel demand would recover to pre-pandemic levels by the end of 2021.

Source: Mint July 10, 2021 08:37 UTC