International Energy Agency: India to lead world in fuel demand growth

New Delhi, June 12 India, the world’s third biggest oil importer and consumer, will in the second half of the decade become the driver of global oil demand, the International Energy Agency (IEA) said today, forecasting rise in consumption by...

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Updated At : 02:49 PM Jun 13, 2024 IST

New Delhi, June 12

India, the world’s third biggest oil importer and consumer, will in the second half of the decade become the driver of global oil demand, the International Energy Agency (IEA) said today, forecasting rise in consumption by a massive 1.3 million barrels between 2023 and 2030.

In its Oil 2024 Report, the Paris-based energy watchdog said India’s demand is projected to rise from 5.4 million barrels per day (bpd) in 2023 to 6.7 million bpd by 2030, a growth of 3.2 per cent or 1.3 million bpd.

International Energy Agency: India to lead world in fuel demand growth

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