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 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
