Page 6 - அனைத்தும் இந்தியா மோட்டார் போக்குவரத்து காங்கிரஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery Bloomberg 1 hr ago Debjit Chakraborty and Saket Sundria (Bloomberg) India’s deadly second Covid-19 wave has brought an abrupt halt to its nascent recovery from the pandemic, with the resurgence expected to drag on fuel demand for weeks in a setback for the global oil market. The combined consumption of diesel and gasoline in April is poised to plunge by as much as 20% from a month earlier due to renewed restrictions, including a week-long lockdown in the capital New Delhi, according to officials from top refiners and fuel retailers. While major oil processors were still buying crude recently, there are signs starting to emerge that refining operations will likely need to be scaled back to adjust for plummeting demand.

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