India Fuel Demand Slumps 6.5% in May: Market Analysis
India’s petroleum consumption witnessed a notable contraction of 6.5% in May compared to the same period last year, signaling a cooling trend in industrial and transport activity. Official data indicates that the decline reflects shifting seasonal patterns and potential headwinds in economic demand. Analysts are closely monitoring these figures, as they serve as a critical bellwether for the nation’s broader industrial productivity and energy sector health.