Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economy
New Delhi: A supply squeeze and higher product prices due to the Iran war are weighing on demand for transportation fuels and other petroleum products in India, while also pushing consumers towards alternatives. Total consumption of refined products fell 6.5 per cent in May, from a year earlier, to 19.93 million metric tonnes, according to oil ministry data. The month…
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