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The Covid collapse, fuel to power usage contracts in FY21

Apr 11, 2021 15:46 IST | By Editorji News Desk

The covid collapse in the economy last year is showing up in numbers across the board. The pandemic caused India’s annual power demand to drop for the first time in 15 years as per data from Central Electricity Authority.

It is not just electricity even fuel demand saw an expected big dip as the country shutdown at the start of the previous fiscal. India’s fuel demand contracted by 9.1% in the financial year ended March 31. This is the first time fuel consumption has contracted since 1998-99, the most historical year for which government data is available. 

Covid-19