Petrol demand set to hit record high this year, diesel remains sluggish

Demand for petrol is set to hit a record high in the current financial year as more people start using personal vehicles after Covid-19. However, demand for diesel remains weak.

India's gasoline demand is set to hit a record this fiscal year, with consumption accelerating as more people hit the road for business and leisure travel after easing of COVID-19 curbs. Shunning trains, buses and planes, safety-conscious Indians are buying more cars and increasingly using personal vehicles to commute as they embark on 'revenge travel' - flocking to tourist destinations after months of restrictions, despite record high fuel prices.