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India’s Oil Demand Rebounds in 2021 After Disastrous Outbreak

  • Consumption of total petroleum fuels rises 3.7% from year ago
  • Oil demand still over 7% below pre-pandemic levels in 2019

Oil demand in the third-biggest consumer bounced back in 2021 after one of the world’s worst virus outbreaks fueled a preference for personal transportation.

Demand for total petroleum products -- including diesel, gasoline and jet fuel -- rose 3.7% from a year earlier, according to Bloomberg calculations based on provisional figures published by the oil ministry. That’s in contrast to 2020, when India’s oil consumption shrank for the first time in more than two decades after a nationwide lockdown shuttered the economy.