New Delhi, August 12
India’s gas demand is starting to flatline after exhibiting indicators of returning to life, as consumption dipped 11.7% in July, official knowledge confirmed.
Fuel consumption, a barometer of financial exercise within the nation, had slumped by over 45% in April as nationwide lockdown halted most vehicular site visitors and shut industries. However, with easing of lockdown restrictions, the demand picked up in May and June with month-on-month enhance in consumption numbers.
However, mini-lockdowns imposed by states to comprise the unfold of coronavirus appeared to have stopped this restoration, with gas demand falling 3.5% in July over the earlier month.
Fuel demand fell to 15.67 million tonnes in July, 11.7% decrease in contrast with 17.75 million tonnes consumption in the identical month a yr in the past, and three.5% decrease than the June sale of 16.24 million tonnes. — PTI