India’s fuel demand to grow at over 4% through 2030: Nayara Energy

SINGAPORE: India’s overall fuel demand will rise by more than 4% a year to 2030 as the country’s improved road transport network stokes demand for gasoil, the head of oil and gas group Nayara Energy said on Tuesday.

Chief executive B. Anand said he expects India’s fuel demand to grow 4.7% a year to 5.5 million barrels per day (bpd) through fiscal year 2025, and then 4% per year to 6.6 million bpd through 2030.

Demand for gasoil will rise by an average 5.3% per year through the 2025 fiscal year and by an average 4.5% through 2030, he told the Asia Pacific Petroleum Conference in Singapore.