Indian gasoline demand to peak by 2035, says top refiner Indian Oil
Diesel and jet fuel consumption would continue to grow backed by industrial expansion and the aviation sector
By 2035, gasoline demand in India is expected to reach its peak as the country shifts towards electric vehicles, expands ethanol blending, and transitions to gas-powered vehicles, according to AS Sahney, chairman of state-owned refiner Indian Oil Corp. Sahney highlighted that motor spirit, or gasoline, is facing pressure from multiple fronts, making it a significant area of concern for the company.
However, diesel and jet fuel consumption are anticipated to continue growing due to industrial expansion and the aviation sector. Moreover, demand for heavier products such as fuel oil and petcoke, which make up 30% of refining output, is also projected to rise. In addition to these developments, Indian Oil is exploring various technologies, including small modular reactors, though a final decision will depend on their commercial viability.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
