India’s oil demand to rise 3.4%: OPEC

PTI

New Delhi, Updated At : 02:47 AM May 16, 2025 IST

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India’s oil demand is expected to grow at the fastest pace among major economies and double the rate of rise in China in 2025 and 2026, oil cartel OPEC said in its latest global outlook.

India’s oil demand is projected to rise from 5.55 million barrels a day in 2024 to 5.74 million bpd in 2025, up 3.39 per cent, helped by rising energy needs in the world’s fastest growing economy. This is projected to further rise to 5.99 million bpd in 2026, growing at 4.28 per cent.

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