India In-Focus — Fuel demand jumps 24% in May; Amazon India seller accuses antitrust agency

MUMBAI: India’s fuel consumption jumped 23.8 percent in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third-biggest oil consumer was in the grip of the second wave of COVID-19.

Consumption of fuel, a proxy for oil demand, totaled 18.27 million tons last month, according to data from the Indian oil ministry’s Petroleum Planning and Analysis Cell.

Last month’s increase was the biggest year-on-year jump since April 2021. Consumption also rose modestly, by 0.4 percent, from April.