India’s Gasoline Recovery Builds With Slowdowns Elsewhere
- Consumption patterns across Asia highly varied on virus curbs
- FGE points to ‘mixed bag’ ahead of an improvement next quarter
Motorcyclists refuel at a gas station in Bengaluru, India, on June 21.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
The recovery in gasoline demand across Asia from virus-driven slumps remains patchy, offering a complex picture as improvements in nations such as India are partially offset by deteriorations elsewhere.
While consumption has shown signs of picking up in the region’s third-largest economy, as well as in Thailand, it’s offset by slowing demand in Taiwan, Vietnam and Malaysia, Apple Mobility data and Bloomberg calculations show. That means the complex “remains a mixed bag,” according to consultant FGE.