Saloni subha ( Intern Journalist )Indian State refiner’s petrol and disel sales declined due to lockdown in the parts of the country and rising price of the petrol.
India on Friday became the third country in the world to record more than one million cases of the coronavirus, behind only the US and Brazil as infection spread further to the countryside and smaller towns.
Fuel demand growth in India the world’s third biggest oil importer and consumer plunged to historic low in April when the federal government imposed a country wide lockdown.state companies Indian oil corporation and Bharat petroleum corporation own about 90% of India’s retail fuel outlets.
Indian fuel demand had reduced from May when the lockdown was partly lifted. But a spike in case of coronavirus infection has led to government imposing fresh lockdown and designing new containment zones in several States in several States this week, including the largely rural areas in the east and the southern tech hub Bengaluru.
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