Kumar Surana India covid-19 pandemic Kumar Surana India

Covid-19, cold has cooking fuel outpacing petrol in India

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Motoring backStrong LPG demand has also led to higher prices in Asia. Propane swaps were almost $632 a ton on Monday, near the highest since October 2018, according to PVM data.

Prices rose 13% last year, capping a second annual gain.Motor fuel demand, however, is expected to regain its long-standing position this year as India’s second most consumed oil product after diesel as drivers hit the roads again, according to FGE.

Gasoline consumption is seen at 32.3 million tons, while LPG is estimated at 28.3 million tons.“I think gasoline will come back this year with more people using private vehicles," said Mukesh Kumar Surana, chairman of state-run oil refiner Hindustan Petroleum Corp.

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