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According to a report from the ICIS-MRC website in Moscow on May 28, the rapid increase in cases of the new crown epidemic in India has led to various travel restrictions and reduced the consumption of transportation fuels such as gasoline and diesel.
According to EIA estimates, between March and April, India’s daily oil consumption fell by 400,000 barrels, or 8%, to 4.
After the release of STEO in May, India's oil consumption data showed a drop of 300,000 barrels per day (6%) compared with the same period.
According to data from the Petroleum Planning and Analysis Group (PPAC) of the Ministry of Petroleum and Natural Gas of India, the consumption of gasoline and diesel in September last year returned to pre-epidemic levels and continued until March 2021.
According to real-time liquidity indicators, by mid-May, the number of tourists in India has fallen even more.
Similarly, according to Google’s data, in mid-May 2021, the percentage of time spent at home increased by 25% compared to the base period.
Hao Fen translated from ICIS-MRC
The original text is as follows:
EIA revises down its forecast of India oil demand due to rising COVID-19 cases
The rapid increase in COVID-19 cases in India has led to various travel restrictions, which reduced the consumption of transportation fuels such as gasoline and diesel.
EIA estimates that petroleum consumption in India declined by 0.
India's petroleum consumption data, released after the May STEO's publication, revealed a similar decline of 0.
Data from India's Petroleum Planning & Analysis Cell (PPAC) of its Ministry of Petroleum & Natural Gas indicate that consumption of gasoline and diesel returned to pre-pandemic levels by September 2020 and continued through March 2021.
Real-time mobility indicators suggest even larger declines in travel in India through mid-May.
Similarly, Google data indicate that the percentage of time spent at home increased 25% in mid-May 2021 from the baseline period.
