India’s fuel demand to climb until 2034

India’s road-fuel demand will keep rising until 2034 despite accelerating electric-vehicle adoption, as a growing vehicle fleet and heavier use by commercial transport sustain the country’s appetite for oil.Fuel demand from road transport will peak at more than 2.5 million barrels a day in eight years before gradually declining, according to BloombergNEF’s India Electric Vehicle Outlook 2026.…

First reported by The Economic Times 3 hr ago1 source

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The Economic Times10:253 hr ago
India’s fuel demand to climb until 2034 (opens The Economic Times in a new tab)
India’s road-fuel demand will keep rising until 2034 despite accelerating electric-vehicle adoption, as a growing vehicle fleet and heavier use by commercial transport sustain the country’s appetite for oil.Fuel demand from road transport will peak at more…

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