4 May in 2:48 The Japan Times
India, the world’s third-largest oil consumer behind the U.S. and China, was meant to be a major driver of oil’s demand recovery as economies reopened. But the country’s devastating health crisis has made that impossible. Everyone from oil traders to the world’s biggest producers are panicking,
Indian Prime Minister Narendra Modi is facing mounting criticism over a surge in coronavirus cases that began shortly after his government declared the country was “in the endgame of the COVID-19 pandemic,” allowed large election rallies and gave the go-ahead to the Kumbh Mela religious festival that attracted an estimated 3.5 million devotees.
Truck rentals in open market plummet 18-27% in April: IFTRT
May 03, 2021
Transport Union AIMTC seeks relief for truckers Truck rentals plummeted by 18-27 per cent on trunk routes during April 2021 against the rates on a sequential basis in the open market, as per Indian Foundation of Transport Research and Training (IFTRT), a transport tracking research unit.
This was because of slump in factory output by 35-40 per cent due to production cuts and closures in many states triggered by the present wave of Covid calamity resulting in local level curfews and lockdowns, SP Singh, Senior Fellow and Coordinator, Indian Foundation of Transport Research and Training (IFTRT), New Delhi, said in a note. Also, there was 10-15 per cent drop in arrivals of fruits and vegetables in mandis (or Agricultural Price Marketing Committees). IFTRT projects the truck freight rentals and sales to remain timid for current and most likely for next quarter of current fiscal.
May 2, 2021
India, the world’s third-largest oil consumer behind the U.S. and China, was meant to be a major driver of oil’s demand recovery as economies reopened. But the country’s devastating health crisis has made that impossible. Everyone from oil traders to the world’s biggest producers are panicking.
Indian Prime Minister Narendra Modi is facing mounting criticism over a surge in coronavirus cases that began shortly after his government declared the country was “in the endgame of the COVID-19 pandemic,” allowed large election rallies and gave the go-ahead to the Kumbh Mela religious festival that attracted an estimated 3.5 million devotees.
India s COVID-19 crisis threatens a global oil recovery japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
Sohan Singh Aitiana on Sunday sent two trained drivers with empty oxygen tanker trucks from Calcutta to Reliance’s Jamnagar plant.
It will take six to seven days for both the drivers to bring back the gas for supply to hospitals in Calcutta.
Aitiana, president, Bulk LPG Transport Contractors Association, East India, said he usually deals with transport of LPG. However, the Bengal government sought his help for deputing drivers for oxygen. The state government does not have adequate trained drivers to do this job.
“The drivers of oxygen tanker trucks are highly trained drivers. They travel long distances. Since they have to deliver this life supporting gas at the earliest, they work tirelessly. Now their work pressure is much higher,” Aitiana said.