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India’s Appetite for Petroleum Fuels to Drop to 6-Year Low

  • Country’s diesel consumption seen rising 0.9% in 2019-20: PPAC
  • Gasoline demand expected to expand by 9% on year, LPG by 6.4%

Photographer: Dibyangshu Sarkar/AFP via Getty Images

India expects its oil consumption to expand at the slowest pace in six years as the economy sputters.

The nation’s consumption of petroleum products in the financial year to March 2020 is expected to rise by 1.3% to 216 million tons, the oil ministry’s Petroleum Planning and Analysis Cell said in its estimates. That’s the slowest since the 0.9% demand growth in 2013-14, when crude oil averaged over $100 a barrel.