Related Articles
Forward article link
Share PDF with colleagues

Maintaining Indian momentum

Energy demand is expected to pick up in the year ahead after faltering in 2017. EV sales will rise

India's stellar oil-demand story stumbled in 2017. Following record-high demand growth in 2015 (303,000 barrels a day) and 2016 (380,000 b/d), 2017 was much more variable, falling by 88,000 b/d in the first quarter, recovering to 153,000 b/d in the second, and witnessing the largest year-on-year drop since 2006 in August, before recovering in September (numbers from Energy Aspects). Barring widespread flooding in August, these included policy-induced shocks: the demonetisation of 86% of currency in late 2016 and introduction of a new Goods and Services Tax (GST) in mid-2017 hit business activity and consumption. Consequently, GDP-growth forecasts for 2017 and 2018 have been pared down by th



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
European refiner hopes for a driving season
26 February 2021
Varo sees the potential for a desire to holiday but a reluctance to fly recreating the US phenomenon on the other side of the Atlantic
LNG central to Asian net-zero emissions strategies—Shell
26 February 2021
Major consuming countries’ net-zero emissions targets will drive rather than hinder growth, with trade set to double by 2040
Asian LNG demand poised to climb further
26 February 2021
The LNG sector remains very bullish about the prospects for Asian demand in the 2020s
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video