What's happening? India's COVID-19 situation has mostly stabilized, with the total number of doses administered in the world's second most populous country crossing 1 billion. Although India's DGCA in its latest circular on Oct. 29 noted that international travel may be allowed on select routes by the authorities on a case-to-case basis. On Nov. 21, the Civil Aviation Authority of Singapore said it had reached an agreement with the Ministry of Civil Aviation of India on the resumption of scheduled commercial passenger flights between Singapore and India.
What's next? India's jet fuel demand is ready for take-off as the country plans to open its doors to international tourists and forms more air travel bubbles, while domestic travel has surged. India's jet fuel consumption rose to a 19-month high in October, latest data released by the Petroleum Planning and Analysis Cell, or PPAC, showed Nov. 11. "There is a lot of travel optimism due to loosened restrictions, pent-up leisure demand combined with festive and marriage season in India," said Shreyans Baid, South Asia oil market analyst with Platts Analytics.
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