gasoline demand is on the cusp of a V-shaped recovery as movement restrictions have been eased or lifted in several states," said Senthil Kumaran, head of South Asia oil at industry consultant FGE. “So far, the release of pent-up demand has outweighed the impact of elevated retail prices." The recovery from the devastating outbreak that overwhelmed India’s health care system earlier this year is currently one of the few bright spots for fuel demand in Asia, as China and Indonesia grapple to contain flare-ups.
However, India is likely to see a rise in Covid-19 infections building into a new wave that may peak in October, according to researchers, and the exodus to the hills has prompted concerns in the highest levels of government.