Fuel demand in India, the world’s third-largest oil importer and third-largest oil consumer, is set to rebound to pre-crisis levels by the end of September, Indian Oil Minister Dharmendra Pradhan said at the virtual BloombergNEF Summit in New Delhi. Judging from the trend in recent weeks after India lifted its lockdown, fuel demand will be “as usual” by the end of the quarter ending in September, the minister said, expressing a more optimistic view on demand than both OPEC and the International Energy Agency (IEA) which see India’s demand taking at least until the end of this year to recover. “At the end of June, we have already achieved 85% of our demand compared to June 2019,” Pradhan said at the BloombergNEF Summit. In May, the minister was expecting fuel demand to have returned to pre-crisis levels by the end of June, which suggests that India may be overly […]