Covid-19 crisis and the problem of plenty for India's fuel sector

The plummeting demand for energy across the board is causing a major headache for the sector will be how to balance its limited storage capacity

India’s coal ministry is trying to substitute imported coal with domestic production to keep power plants interested in taking more supplies. Last week, oil marketing companies IOCL and Mangalore Refineries and Petrochemicals invoked force majeure with suppliers from Saudi Arabia and UAE in order to stop having to take additional delivery of crude.

Over-supply of fuel has become a chief concern for the Indian economy, when demand for energy has plummeted across the board due to the Covid-19 induced lockdown.

Yet the shape of the problem is not uniform. Demand for LPG for instance has shot up after the government