India’s fuel demand, which had crashed by 60 percent during the early days of its two-month lockdown, is set to reach pre-coronavirus levels in June, Indian Oil Minister Dharmendra Pradhan told Times of India over the weekend. In May, demand for fuel in the world’s third-largest oil importer is back at 65 percent compared to May 2020, “and will reach pre-Corona level in June,” Pradhan told TOI. After the easing of the lockdown in India, two-wheelers and small cars will remain an affordable option for maintaining social distancing, thus boosting demand for gasoline, according to the minister. Higher vehicle traffic, farm-sector activities, and the resumption of train service and flights will raise demand for diesel and jet fuel, Pradhan told TOI. Last week, Indian oil industry executives told Bloomberg that crude oil demand in India would take longer to recover than many hope for as the country braces for […]