India’s oil demand shrinks further as Covid crisis persists


India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19.

Sales of road transport fuels during May 1-15 dropped by a fifth from the previous month and about 28% from the same period in 2019, according to people familiar with preliminary data from the country’s three biggest retailers.


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