This statistic outlines the demand for oil in India from 2013 to 2017, with projections until 2040. It is projected that the demand for oil in India in 2030 will be about *** million barrels per day, which is double the demand for oil in 2013, at some *** million barrels per day.

India Petroleum Consumption: Furnace Oil: Industry data was reported at 2,492.000 Ton th in 2017. This records an increase from the previous number of 2,136.000 Ton th for 2016. India Petroleum Consumption: Furnace Oil: Industry data is updated yearly, averaging 2,977.000 Ton th from Mar 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 5,057.000 Ton th in 2002 and a record low of 1,562.000 Ton th in 2005. India Petroleum Consumption: Furnace Oil: Industry data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.RBH004: Petroleum: Consumption: by Sectors.

The consumption of oil in India amounted to ************ barrels per day in 2017, and is estimated to reach ************ barrels per day in 2040. According to the source, projections were made based on a ‘base case’ scenario, reflecting the source's 'to the best of their knowledge’ assessment of the world’s likely path from today’s vantage point.

India Petroleum Consumption: Light Diesel Oil: Industry data was reported at 59.000 Ton th in 2017. This records a decrease from the previous number of 61.000 Ton th for 2016. India Petroleum Consumption: Light Diesel Oil: Industry data is updated yearly, averaging 577.000 Ton th from Mar 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 769.000 Ton th in 2000 and a record low of 55.000 Ton th in 2015. India Petroleum Consumption: Light Diesel Oil: Industry data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.RBH004: Petroleum: Consumption: by Sectors.

The volume of primary energy consumed in the industrial sector in India was *** million metric tons of oil equivalent. This was forecast to reach *** million metric tons of oil equivalent by 2040. According to the source, projections were made based on a ‘base case’ scenario, reflecting the source's 'to the best of their knowledge’ assessment of the world’s likely path from today’s vantage point.

India Petroleum Consumption: Heavy End: Fuel Oil data was reported at 6,720.000 Ton th in 2018. This records a decrease from the previous number of 7,150.000 Ton th for 2017. India Petroleum Consumption: Heavy End: Fuel Oil data is updated yearly, averaging 8,300.000 Ton th from Mar 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 13,540.000 Ton th in 2005 and a record low of 4,664.000 Ton th in 1971. India Petroleum Consumption: Heavy End: Fuel Oil data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.RBH003: Petroleum: Consumption: by Products.

This statistic represents the changes in global primary energy demand between 2017 and 2040, broken down by region. During this period, primary energy demand in India is projected to increase by about 982 million tons of oil equivalent.

Globally, around *********** metric tons of crude oil was transported by sea in 2024. This was still lower than the volumes reported pre-pandemic, while global oil production increased slightly over this period. Oil in the global economy and main importers Oil is the fuel that keeps the global economy running as the hydrocarbon is heavily utilized for fuel and chemical production. Worldwide production of crude oil rose from about ** million barrels in 1998 to about ** million barrels in 2024. While accounting for less than ** percent of global oil production, the Asia-Pacific region is the largest consumer of oil; over a ***** of worldwide oil consumption is concentrated here. Oil tankers in the global merchant fleet Where pipeline infrastructure between trading partners is limited, large oil volumes have to be transported by land or sea. The key passages for seaborne oil trade include the routes from Panama to China, from the Strait of Hormuz to Japan and from West Africa to India. Among the main tanker builders are companies such as the General Dynamics-owned NASSCO. Crude oil tankers were the ***** most important vessel type in the global merchant fleet.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility, such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

In 2024, the Indian crude maize oil market decreased by -6.7% to $7M, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a mild curtailment. As a result, consumption attained the peak level of $11M. From 2017 to 2024, the growth of the market remained at a somewhat lower figure.

India IN: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2017 Price data was reported at 124.412 kg in 2014. This records a decrease from the previous number of 125.722 kg for 2013. India IN: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2017 Price data is updated yearly, averaging 155.364 kg from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 199.057 kg in 1991 and a record low of 124.412 kg in 2014. India IN: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Environmental: Energy Production and Consumption. Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2017 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.;IEA Statistics © OECD/IEA 2014 (https://www.iea.org/data-and-statistics), subject to https://www.iea.org/terms/;Weighted average;Restricted use: Please contact the International Energy Agency for third-party use of these data.

India Diesel Station: Diesel Oil Consumption: North East Region Central data was reported at 0.000 kl in 2017. This stayed constant from the previous number of 0.000 kl for 2016. India Diesel Station: Diesel Oil Consumption: North East Region Central data is updated yearly, averaging 0.000 kl from Mar 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 597.000 kl in 2012 and a record low of 0.000 kl in 2017. India Diesel Station: Diesel Oil Consumption: North East Region Central data remains active status in CEIC and is reported by Central Electricity Authority. The data is categorized under Global Database’s India – Table IN.RBC014: Electricity: Gross Generation: Utilities: Diesel Station.

The revenue of the petroleum market in India amounted to $X in 2017, therefore, remained relatively stable against the previous year. Overall, petroleum consumption continues to indicate a prominent growth. The growth pace was the most rapid in 2009, when it surged by X% against the previous year. Over the period under review, the petroleum market reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.In 2017, approx.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

India Diesel Station: Diesel Oil Consumption: East Region Central data was reported at 0.000 kl in 2017. This stayed constant from the previous number of 0.000 kl for 2016. India Diesel Station: Diesel Oil Consumption: East Region Central data is updated yearly, averaging 0.000 kl from Mar 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 48,999.730 kl in 2009 and a record low of 0.000 kl in 2017. India Diesel Station: Diesel Oil Consumption: East Region Central data remains active status in CEIC and is reported by Central Electricity Authority. The data is categorized under Global Database’s India – Table IN.RBC014: Electricity: Gross Generation: Utilities: Diesel Station.

India Petroleum Consumption: High Speed Diesel Oil: Transport data was reported at 5,658.000 Ton th in 2017. This records a decrease from the previous number of 5,765.000 Ton th for 2016. India Petroleum Consumption: High Speed Diesel Oil: Transport data is updated yearly, averaging 11,839.000 Ton th from Mar 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 28,034.000 Ton th in 1996 and a record low of 3,203.000 Ton th in 2014. India Petroleum Consumption: High Speed Diesel Oil: Transport data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.RBH004: Petroleum: Consumption: by Sectors.

Daily world oil demand is expected to reach 109.8 million barrels by 2045. Most of this growth is due to greater consumption by non-OECD countries such as India and China. In 2045, India's oil demand is forecast to climb to 11.1 million barrels per day.

India Petroleum Pdt Consumption: LSHS & HHS: Total data was reported at 116.000 Ton th in 2018. This records an increase from the previous number of 104.000 Ton th for 2017. India Petroleum Pdt Consumption: LSHS & HHS: Total data is updated yearly, averaging 3,169.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 4,989.000 Ton th in 2001 and a record low of 104.000 Ton th in 2017. India Petroleum Pdt Consumption: LSHS & HHS: Total data remains active status in CEIC and is reported by Ministry of Petroleum and Natural Gas. The data is categorized under Global Database’s India – Table IN.RBH001: Petroleum: Consumption.

India Petroleum Consumption: High Speed Diesel Oil: Power Generation data was reported at 208.000 Ton th in 2017. This records a decrease from the previous number of 224.000 Ton th for 2016. India Petroleum Consumption: High Speed Diesel Oil: Power Generation data is updated yearly, averaging 214.000 Ton th from Mar 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 2,622.000 Ton th in 2000 and a record low of 104.000 Ton th in 1991. India Petroleum Consumption: High Speed Diesel Oil: Power Generation data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.RBH004: Petroleum: Consumption: by Sectors.

India Petroleum Consumption: Middle Distillate: High Speed Diesel Oil data was reported at 81,070.000 Ton th in 2018. This records an increase from the previous number of 76,030.000 Ton th for 2017. India Petroleum Consumption: Middle Distillate: High Speed Diesel Oil data is updated yearly, averaging 27,066.500 Ton th from Mar 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 81,070.000 Ton th in 2018 and a record low of 3,837.000 Ton th in 1971. India Petroleum Consumption: Middle Distillate: High Speed Diesel Oil data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.RBH003: Petroleum: Consumption: by Products.