Use of personal vehicles such as two-wheelers to rise; demand of used vehicles to rise; Truck use to rise if financing issues are settled by government. Analysts said a change in lifestyle would lead to people preferring personal vehicles to public transport, which would spur fuel demand and boost vehicle sales. The fuel demand had crashed 70 per cent in April and started to pick up in May. The government had extended its nationwide restrictions to May 31 but relaxed rules in areas with lower number of cases leading to some recovery in fuel demand. The International Energy Agency forecasts the nation’s fuel demand will return to year-ago levels by the fourth quarter.

Source: The Telegraph May 31, 2020 18:56 UTC