Key information about India Oil Consumption

• India Oil Consumption was reported at 5,446.103 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 5,208.699 Barrel/Day th for Dec 2022
• India Oil Consumption data is updated yearly, averaging 1,416.726 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 5,446.103 Barrel/Day th in 2023 and a record low of 252.234 Barrel/Day th in 1965
• India Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

The consumption volume of petroleum products in India was approximately *** million metric tons in fiscal year 2024. The country was ranked third with regard to primary energy consumption across the globe. With the industry growing rapidly, inland production of petroleum products does not suffice. The import volume of petroleum products reached figures close to ** million metric tons during the fiscal year of 2024. Road ahead With the backing of robust economic growth and a booming automotive industry, the demand for petroleum products was anticipated to grow, as suggested by an annual growth rate of more than **** percent observed in the fiscal year 2024. With its rich resources and bold ambitions, the country is poised to become a global leader in clean energy, paving the way for transformative change worldwide and inspiring others to follow suit. Switching gears Rapid globalization and fast changing technology combined could salvage what is left of the depleting oil reserves. In a bright sunny country with ample sunlight hours, investments in solar energy and replacement of conventional vehicles with electric vehicles might hold the key to a sustainable future.

India consumed close to *** million metric tons of sunflower seed oil in marketing year 2024/2025. This was a decrease compared to the previous fiscal year. The south Asian country was the largest importer of this oil variety worldwide.

In 2024, global oil consumption hit a historic high of 101.8 million barrels per day, as reported by the Statistical Review of World Energy 2025. The U.S. remains the largest consumer, while India's demand surges. Production aligns closely with consumption, highlighting market equilibrium and strategic challenges.

India consumed over ** million metric tons of vegetable oils in marketing year 2024/2025. These included oil from coconuts, cottonseeds, olives, palm, peanuts, rapeseed, soybeans, and sunflowers. The worldwide consumption that year was over *** million metric tons.

Palm oil consumption in India was reached about ************ metric tons in marketing year 2024/2025. This was a slight decrease in the domestic consumption of palm oil from the previous year. The palm oil consumption in India fluctuated around ***** to ************ metric tons since the financial year 2012.

India Energy Balance: Secondary: Total Oil Products: Fuel oil: Demand data was reported at 3,706.361 Barrel th in Dec 2024. This records an increase from the previous number of 3,433.739 Barrel th for Nov 2024. India Energy Balance: Secondary: Total Oil Products: Fuel oil: Demand data is updated monthly, averaging 3,943.282 Barrel th from Jan 2002 (Median) to Dec 2024, with 276 observations. The data reached an all-time high of 8,340.935 Barrel th in Jan 2005 and a record low of 1,901.863 Barrel th in Apr 2020. India Energy Balance: Secondary: Total Oil Products: Fuel oil: Demand data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s India – Table IN.JODI.WDB: Energy Balance: Oil. Heavy residual oil/boiler oil, including bunker oil; Demand of Finished Products only. Demand of finished products: Deliveries or sales to the inland market (domestic consumption) plus Refinery Fuel plus International Marine and Aviation Bunkers. Demand for Other oil products includes direct use of Crude oil, NGL, and Other.

Crude Oil Production in India increased to 608 BBL/D/1K in March from 607 BBL/D/1K in February of 2025. This dataset provides the latest reported value for - India Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the marketing year 2025, ******** was the most used cooking oil in India, with its domestic consumption surpassing ************* metric tons. It was followed by soybean and rapeseed oils, with their respective consumption volumes reaching *** and *** million metric tons. Production of edible oils India produces a wide range of edible oils like palm, soybean, mustard, sunflower, and groundnut, that match its diverse food cultures and agricultural practices. Mustard oil is popular in the northern and eastern regions, while the southern part of India prefers coconut oil. Additionally, the country is also seeing an increase in soybean oil production, catering to both domestic needs and increasing demand from the international market. Import of edible oils India's reliance on imported edible oils is a crucial aspect of its food economy, driven by the gap between domestic production and consumption demands. The country is one of the largest importers of edible oils globally, importing over ** million metric tons, with palm and soybean oils constituting the bulk of imports. Indonesia and Malaysia emerged as the top exporters of edible oil to India in the financial year 2023. The country also plans to continue importing edible oils at lower duty rates until 2025, to keep the food inflation in check.

India consumed an estimated volume of over *********** metric tons of soybean oil in marketing year 2024/2025. A large portion of this volume was imported into the country. China, on the other hand, was the leading producer of soybean oil globally, consuming about ********** metric tons that same year.

India Energy Balance: Secondary: Total Oil Products: Other: Demand data was reported at 7,380.000 Barrel/kton in Jan 2025. This stayed constant from the previous number of 7,380.000 Barrel/kton for Dec 2024. India Energy Balance: Secondary: Total Oil Products: Other: Demand data is updated monthly, averaging 7,380.000 Barrel/kton from Jan 2009 (Median) to Jan 2025, with 193 observations. The data reached an all-time high of 7,380.000 Barrel/kton in Jan 2025 and a record low of 7,380.000 Barrel/kton in Jan 2025. India Energy Balance: Secondary: Total Oil Products: Other: Demand data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s India – Table IN.JODI.WDB: Energy Balance: Oil. Refinery gas, ethane, petroleum coke, lubricants, white spirit & SPB, bitumen, paraffin waxes and other oil products Demand for Total products includes direct use of Crude oil, NGL and Other. Demand for Total oil products includes direct use of crude oil, NGL and Other. Other products before January 2009 includes Naphtha. Other products before January 2009 is set to be N/A due to the definitional differences. Other products can be calculated by: Total oil products - sum of LPG, Motor and aviation gasoline, Kerosenes, Gas/diesel oil and Fuel oil.; Demand of Finished Products only. Demand of finished products: Deliveries or sales to the inland market (domestic consumption) plus Refinery Fuel plus International Marine and Aviation Bunkers. Demand for Other oil products includes direct use of Crude oil, NGL, and Other.

India Energy Balance: Secondary: Total Oil Products: Demand data was reported at 5,601.000 Barrel/Day th in Nov 2024. This records an increase from the previous number of 5,336.000 Barrel/Day th for Oct 2024. India Energy Balance: Secondary: Total Oil Products: Demand data is updated monthly, averaging 3,439.000 Barrel/Day th from Jan 2002 (Median) to Nov 2024, with 275 observations. The data reached an all-time high of 5,601.000 Barrel/Day th in Nov 2024 and a record low of 1,554.000 Barrel/Day th in Aug 2004. India Energy Balance: Secondary: Total Oil Products: Demand data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s India – Table IN.JODI.WDB: Energy Balance: Oil. Sum of LPG, Naphtha, Motor and aviation gasoline, Kerosenes, Gas/Diesel Oil, Fuel oil, and Other oil products.; Demand of Finished Products only. Demand of finished products: Deliveries or sales to the inland market (domestic consumption) plus Refinery Fuel plus International Marine and Aviation Bunkers. Demand for Other oil products includes direct use of Crude oil, NGL, and Other.

Statistics illustrates consumption, production, prices, and trade of Crude Oil and Processed Petroleum in India from 2007 to 2024.

The Indian energy sector encompasses conventional sources such as coal, natural gas, oil as well as unconventional sources including solar, hydro and bio-waste. The south Asian country ranks third worldwide for primary energy consumption after China and the United States. The gigantic energy consumption could very likely have been the cause of increased demand that was reflected in the volume of crude oil imports across the country, which was approximated to be around ****** million metric tons during financial year 2024. The sectorThe oil and gas sector in the country is one of the eight core industries present and is a major influence on the other sectors that contribute to the economy as well. Increased demand needs to be met with sufficient supply. The refinery capacity of crude oil has been increasing over the years. The tug of war with the crude oil prices in the country also seems to be edging in favor of higher prices. The annual growth rate in the average price of crude oil was ** percent lower in financial year 2021 compared with the previous year. Low on fuelThe depleting fossil fuel reserves have not helped the population in terms of prices of oil products. The production volume of onshore crude oil has declined gradually over the years. However, the climate agreements of Copenhagen and Paris might result in increased investments and clean energy installations, providing a possible solution for India’s deficiency in fuel sources.

Imports of Crude Oil in India decreased to 18.02 TONNE Million in February from 21.66 TONNE Million in January of 2024. This dataset includes a chart with historical data for India Imports of Crude Oil.

India Energy Balance: Primary: Total Crude: Crude Oil: Direct Use data was reported at 0.000 Barrel th in Jan 2025. This stayed constant from the previous number of 0.000 Barrel th for Dec 2024. India Energy Balance: Primary: Total Crude: Crude Oil: Direct Use data is updated monthly, averaging 0.000 Barrel th from Jan 2009 (Median) to Jan 2025, with 193 observations. The data reached an all-time high of 0.000 Barrel th in Jan 2025 and a record low of 0.000 Barrel th in Jan 2025. India Energy Balance: Primary: Total Crude: Crude Oil: Direct Use data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s India – Table IN.JODI.WDB: Energy Balance: Oil. Including lease condensate; Refers to crude oil, NGL and Other which are used directly, without being processed in oil refineries, for example: crude oil burned for electricity generation

India consumed around ************ metric tons of rapeseed oil in marketing year 2024/2025. This was an increase from *** million metric tons in fiscal year 2016. Rapeseed mustard is a principal winter oilseed in the south Asian country.

India Energy Balance: Secondary: Total Oil Products: Motor and Aviation Gasoline: Demand data was reported at 3,308.000 Metric Ton th in Jan 2025. This records a decrease from the previous number of 3,312.000 Metric Ton th for Dec 2024. India Energy Balance: Secondary: Total Oil Products: Motor and Aviation Gasoline: Demand data is updated monthly, averaging 1,405.000 Metric Ton th from Jan 2002 (Median) to Jan 2025, with 277 observations. The data reached an all-time high of 3,429.000 Metric Ton th in May 2024 and a record low of 545.000 Metric Ton th in Feb 2002. India Energy Balance: Secondary: Total Oil Products: Motor and Aviation Gasoline: Demand data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s India – Table IN.JODI.WDB: Energy Balance: Oil. Comprises motor gasoline and aviation gasoline OLADE includes Naphtha propotion in Motor and aviation gasoline prior to use of extended JODI Oil questionnaire format.; Demand of Finished Products only. Demand of finished products: Deliveries or sales to the inland market (domestic consumption) plus Refinery Fuel plus International Marine and Aviation Bunkers. Demand for Other oil products includes direct use of Crude oil, NGL, and Other.

The India white oil market, encompassing various applications like pharmaceuticals, cosmetics, and food processing, exhibits robust growth potential. Analysis of the period 2019-2024 reveals a steady expansion, driven by increasing demand from the pharmaceutical and personal care sectors. While precise market size figures for 2019-2024 are unavailable, a conservative estimate suggests a market value exceeding ₹10 billion (approximately $120 million USD) in 2024, considering the substantial growth in related industries. The projected Compound Annual Growth Rate (CAGR) from 2025-2033, although not specified, is likely to remain positive, influenced by factors such as rising disposable incomes, a growing population, and increasing awareness of health and beauty products. This growth is expected to be particularly pronounced in the pharmaceutical segment due to increased demand for topical ointments and creams. The cosmetic sector also presents a significant opportunity, with the rising popularity of natural and organic products, many of which utilize white oil as a key ingredient. The market will likely witness further consolidation, with larger players aiming to capture a larger market share through strategic acquisitions and expansion initiatives. The forecast period (2025-2033) anticipates continued market expansion, with significant growth potential in both urban and rural areas. Increased government initiatives promoting domestic manufacturing and the adoption of stricter quality standards might impact the market structure. Furthermore, the increasing adoption of sustainable and ethically sourced ingredients by manufacturers will play a crucial role in shaping the future of the India white oil market. This factor, coupled with fluctuating global crude oil prices, presents both opportunities and challenges for market participants. Innovative product development and strategic partnerships will be key to navigating these complexities and capitalizing on the market's long-term growth prospects. Competitive pricing and efficient supply chains will be critical success factors for market leaders. Recent developments include: The recent developments that occurred in this market will be covered in the final report.. Key drivers for this market are: Growing Cosmetics and Personal Care Industry, Growing Pharmaceutical Industry. Potential restraints include: Growing Cosmetics and Personal Care Industry, Growing Pharmaceutical Industry. Notable trends are: Pharmaceutical Industry Will Experience Significant Growth.

India Energy Balance: Primary: Total Crude: Natural Gas Liquids: Direct Use data was reported at 10,300.000 Barrel/kton in Nov 2024. This stayed constant from the previous number of 10,300.000 Barrel/kton for Oct 2024. India Energy Balance: Primary: Total Crude: Natural Gas Liquids: Direct Use data is updated monthly, averaging 10,300.000 Barrel/kton from Jan 2009 (Median) to Nov 2024, with 191 observations. The data reached an all-time high of 10,300.000 Barrel/kton in Nov 2024 and a record low of 10,300.000 Barrel/kton in Nov 2024. India Energy Balance: Primary: Total Crude: Natural Gas Liquids: Direct Use data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s India – Table IN.JODI.WDB: Energy Balance: Oil. Liquid or liquefied hydrocarbons recovered from gas separation plants and gas processing facilities; Refers to crude oil, NGL and Other which are used directly, without being processed in oil refineries, for example: crude oil burned for electricity generation