India oil demand unlikely to peak before 2040: Hindustan Petroleum Chairman
India is unlikely to see demand for oil peaking before 2040 and other forms of energy will slowly and gradually find a place in the country’s energy mix, the head of the nation’s third-largest state fuel retailer said on Tuesday.
Prime Minister Narendra Modi on Monday made a bold pledge to cutting emissions at the world’s third-biggest emitter to net-zero by 2070.
Hindustan Petroleum Corp Ltd (HPCL) chairman and managing director M K Surana said oil companies had been consciously making investments in alternate and cleaner energy sources such as setting up EV charging stations, biofuels and hydrogen plants.
