The US Energy Information Administration or EIA noted yesterday that the rapid increase in COVID-19 cases in India has led to various travel restrictions, which reduced consumption of transportation fuels such as gasoline and diesel.
As a result, EIA revised down forecast for petroleum consumption in India in the May Short-Term Energy Outlook (STEO). It estimates that petroleum consumption in India declined by 0.4 million barrels per day (b/d) (8%) to 4.7 million b/d between March and April.
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