Fuel demand plunges in May due to COVID-19 lockdowns, shows data
Daily gasoline sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India s fuel demand, fell by 19.9%, data compiled by state refiners showed
Reuters | June 1, 2021 | Updated 15:18 IST
Indian state refiners daily gasoline and gasoil sales declined by about a fifth in May from a month earlier as lockdowns to curb the second deadly wave of COVID-19 hit industrial activities and consumption, preliminary data showed on Tuesday. Daily gasoline sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India s fuel demand, fell by 19.9%, data compiled by state refiners showed.
Indian state refiners' daily gasoline and gasoil sales declined by about a fifth in May from a month earlier as lockdowns to curb the second deadly wave of COVID-19 hit industrial activities and consumption, preliminary data showed on Tuesday.
Read more about India s fuel demand plunges in May amid Covid-19 lockdowns, show data on Business Standard. Daily petrol sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India s fuel demand, fell by 19.9%
India s manufacturing sector activity slips in May, heads towards stagnation: PMI
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Last Updated: Jun 01, 2021, 11:30 AM IST
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The Nikkei Manufacturing Purchasing Managers Index , compiled by IHS Markit, fell to 50.8 in May from 55.5 in April, its lowest since July 2020. That was only just above the 50-mark separating growth from contraction.
Reuters
With activity weak, firms reduced headcount for the 14th consecutive month and IHS Markit said close to 5% of companies shed jobs.
India s manufacturing sector activity witnessed a significant loss of growth momentum in May due to the intensification of the COVID-19 crisis and its detrimental impact on demand, a monthly survey said on Tuesday.