Over the last fortnight, oil prices have increased by about $3 per barrel, which should logically have pushed the petrol prices at around Rs 2/litre
After easing out of restrictions with Covid-19 cases declining in June, the fuel demand signaled signs of resurgence.
The dip in fuel consumption is attributed mainly to travel disruptions caused by the floods in some parts of the country
While petrol sales had reached pre-COVID levels a few months back, diesel was up 7.4% year-on-year in the first half of March, said Indian Oil Corpora