Fuel demand contracts 9.1% in FY21; first since 1998-99 : Bulletin: Business Today
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Fuel demand contracts 9.1% in FY21; first since 1998-99

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Shailendra Shukla | April 10, 2021

Fuel demand contracts 9.1% in FY21; first since 1998-99

India's fuel demand contracted by a massive 9.1 per cent in the financial year ended March 31, the first in more than two decades, as a stringent lockdown imposed to curb the spread of the pandemic pummelled economic activity, government data showed on Friday. This is the first time that the fuel consumption has contracted since 1998-99, the most historical year for which government data is available. The demand contraction was led by diesel, the most consumed fuel in the country. Diesel consumption fell 12 per cent to 72.72 million tonnes while petrol demand shrank 6.7 per cent to 27.95 million tonnes.

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