Fuel sales had fallen by a record 45.8 per cent in April last year when a nationwide lockdown was imposed to check the spread of coronavirus infections.
The hospitality segment has been among the worst hit sectors due to Covid and the occupancy rate with the hotels has fallen to around 25 per cent compared to the pre-covid times.
The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown.