{"id":13246,"date":"2025-02-08T04:29:59","date_gmt":"2025-02-08T04:29:59","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=13246"},"modified":"2025-02-08T04:29:59","modified_gmt":"2025-02-08T04:29:59","slug":"indias-fuel-demand-increased-by-3-2-year-over-year-in-january","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/13246\/","title":{"rendered":"India\u2019s Fuel Demand Increased by 3.2% Year-Over-Year in January"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Fuel demand in India, the world’s third-largest crude oil importer, increased by 3.2% in January from a year earlier, although consumption was lower compared to December 2024, when holiday travel and the end of the monsoon season resulted in a surge in demand.<\/p>\n

India’s fuel consumption, used by analysts as a proxy for demand, stood at 20.49 million metric tons in January 2025, up from January 2024, but down from the December figure of 20.73 million tons, government figures showed<\/a> on Friday.<\/p>\n

Consumption of diesel, the most used fuel in India, rose by 4.2% year-on-year in January, but fell by almost 4% from December. Demand for gasoline jumped by 6.7% year-over-year, but edged down by 0.3% compared to December 2024, according to the data from India’s Petroleum Ministry.<\/p>\n

In December, holiday travel caused a surge<\/a> in India’s demand for gasoline and diesel, with gasoline seeing a 9.8% increase to 2.99 million tons and diesel demand up by 4.9% to 7.07 million tons.<\/p>\n

The solid increase in December demand came after months of tepid consumption on the back of seasonal factors: during the monsoon season, there is not as much travel in India. There is also subdued agricultural activity during the monsoon, which affects diesel demand.<\/p>\n

India’s oil demand growth is already exceeding<\/a>Chinese demand growth.<\/p>\n

India is expected to account for 25% of global oil demand growth this year, the U.S. Energy Information Agency (EIA)\u00a0said<\/a>\u00a0in December.<\/p>\n

In 2025, Indian oil demand is set to grow by 330,000 barrels per day (bpd). China will see a higher growth rate in 2025 compared to the weaker-than-expected increase in 2024. Yet, at 250,000 bpd growth in 2025, China will still lag India’s consumption increase, according to the EIA.<\/p>\n

India surpassing China as the world’s top driver of oil demand growth isn’t surprising at all. The surprise, if any, came from the fact that this is happening a bit earlier than many forecasters had expected a year or two ago.<\/p>\n

Updated on