The transport sector is the largest oil consumer in India
No imminent slowdown in Indian oil demand growth
The country’s increasing thirst for oil is unlikely to be blunted by planned gas use expansion or the energy transition
India is the world’s third‐largest consumer of energy, with a 5.7pc share of global primary energy use. The combination of a huge population, rising urbanisation, growing incomes and improving living standards for large numbers of people has seen energy use double since 2000. Nor is its appetite for oil set to moderate any time soon, despite rhetoric on a cleaner future energy mix Coal, petroleum products and solid biomass meet nearly 80pc of the country’s energy demand, with oil second only to coal. India is likely to remain among fastest-growing energy consumers in the coming years, and oil, as well as gas, will play a significant role in the country’s expanding energy mix in the short and
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
