India to account for over 40% of global oil demand growth by 2035 – Govt shares estimates in Parliament

India will account for more than 40% of the global increase in crude oil demand and about 8% of the growth in natural gas demand between 2024 and 2035, according to estimates cited by the government in Parliament on Wednesday.

The statement was presented in response to a starred question in the Lok Sabha on the expected rise in India’s crude oil and natural gas demand and the preparedness of the government and the energy sector to meet this growth.