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India's oil product demand slows in March
India's demand in March for diesel fell by around 26pc, gasoline dropped by 18pc and jet fuel was down by 32pc from a year earlier, according to industry data from state-controlled companies but excluding private-sector refiners. Anecdotal data from retail outlets shows demand for transport fuel has fallen by 70pc since a 21-day nationwide lockdown from 25 March was brought in to combat the country's coronavirus outbreak. A surge in coronavirus cases and deaths is prompting a rethink by the government, which until last week was discussing lifting the lockdown. But now the federal government and state governments want ... (full story)