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Latest Analysis / East of Suez Oil Service

Energy Advisory #453 - India’s long-term transport fuels demand story remains alive

Published: 11 April, 2023

Highlights:

  • India’s total oil demand rebounded by 312 kb/d y-o-y to 4.8 mmb/d in 2022, surpassing pre-pandemic levels. Domestic demand will continue to grow in 2023, led by further recovery in jet fuel demand.
  • The country will see its biggest wave of CDU capacity additions from mid-2020s, supported by the ...

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