India's gasoline demand recovers as Asia growth remains patchy in pandemic

Stockpiles of light distillates in the distribution hub of Singapore suggest growing oversupply.

The recovery in gasoline demand across Asia from virus-driven slumps remains patchy, offering a complex picture as improvements in nations such as India are partially offset by deteriorations elsewhere.

While consumption has shown signs of picking up in the region’s third-largest economy, as well as in Thailand, it’s offset by slowing demand in Taiwan, Vietnam and Malaysia, Apple Mobility data and Bloomberg calculations show. That means the complex “remains a mixed bag,” according to consultant FGE.

Global crude prices have extended a rally this month, with Brent topping $75 a barrel, as economies step up the pace