India’s strong rebound in domestic gasoline consumption will likely hit a roadblock in the near term, amid fresh lockdowns in several states as the country fights a renewed battle against COVID-19. Receive daily email alerts, subscriber notes & personalize your experience. Register Now New lockdowns have been imposed in several states across India, with the largest restriction placed on Maharashtra from April 14 until May 1, affecting approximately 125 million people in the state. Maharashtra’s capital city of Mumbai in Southwestern India has seen driving activity — a proxy for gasoline demand — plummet to 70% below baseline levels as of April 10, the lowest since July 2020 and sharply lower than the 40% above baseline levels that was recorded earlier in February, […]