India, July 8 -- The US and Iran signed a memorandum of understanding on June 17 that eased traffic through the Strait of Hormuz, a key route for Gulf oil and gas exports that had been disrupted since the US-Iran war began at the end of February. Did this bring India's consumption of oil and gas products back to normal?

Traffic through Hormuz has not fully normalised, the US-Iran agreement came only in mid-June, and complete consumption data is not yet available. However, provisional petroleum consumption data for June released by the petroleum ministry suggests that demand is returning to normal. Here are four charts that show this.

Published by HT Digital Content Services with permission from Hindustan Times....