MSMEs

46% Decline Registered in India's Fuel Consumption in April 2020

COVID-19 lockdown forced India's fuel consumption to fell around 46%.to 9.929 million tonnes in April, down from 18.32 million tonnes fuel consumed in the same month a year back. The entire ecosystem involved into oil& gas sector gets a blow with this. This ecosystem includes oil retailers, transport companies, travel sector, manufacturing and majorly MSMEs.