India’s H2 oil demand growth unlikely to repeat H1 momentum from lower base

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India’s robust oil consumption growth of nearly 18% year on year in June lifted cumulative first-half 2022 consumption growth close to double-digits, sending a strong signal that consumption recovery in on a sustained path towards pre-pandemic levels. But analysts said since year-on-year growth rate in H1 2022 was due to a lower base in the same period of 2021, witnessing…