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@ BusinessToday

Fuel demand of India is likely to hike at 3.1% in FY21

India's economy is currently the slowest expansion. In this scenario, annual refined fuel demand of India is expected to hike 3.1% in the next fiscal year to March 2021 from the estimated 1.3% in 2020, by the data of the government. The Petroleum Planning and Analysis Cell of the federal oil ministry said on Monday refined fuel consumption in India is expected to total 222.79 million tonnes in 2020/21, based on oil demand. Diesel demand is also estimated to rise by 2.8%.

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