India’s diesel demand to rise rapidly in 6 years: IEA
Goa: India’s diesel demand will rise rapidly in the next six years while petrol sales will only marginally grow as increased adoption of EVs, biofuels and fuel efficiency measures disproportionately weigh on petrol demand, the International Energy Agency (IEA) has said.
Domestic diesel demand is projected to rise from 1.8 million barrels per day (mbd) in 2023 to 2.3 mbd in 2030, an increase of 4.5% annually, IEA said in its India Oil Market Outlook. By comparison, petrol demand is estimated to rise a modest 0.7% every year to 1 mbd in 2030 from 0.9 mbd in 2023.
