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

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 7.4 million barrels per day, which is double the demand for oil in 2013, at some 3.7 million barrels per day.

The consumption volume of petroleum products in India was approximately 234 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 49 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 five 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 depleating 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.

Forecast: Oil Consumption in India 2022 - 2026 Discover more data with ReportLinker!

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.

Petroleum Pdt Consumption: SKO: Lakshweep data was reported at 1.000 Ton th in 2018. This stayed constant from the previous number of 1.000 Ton th for 2017. Petroleum Pdt Consumption: SKO: Lakshweep data is updated yearly, averaging 1.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 1.000 Ton th in 2018 and a record low of 0.000 Ton th in 2008. Petroleum Pdt Consumption: SKO: Lakshweep 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.RBH002: Petroleum: Consumption: by States.

India Petroleum Pdt Consumption: LDO: Lakshweep data was reported at 0.000 Ton th in 2018. This stayed constant from the previous number of 0.000 Ton th for 2017. India Petroleum Pdt Consumption: LDO: Lakshweep data is updated yearly, averaging 0.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 1.000 Ton th in 2010 and a record low of 0.000 Ton th in 2018. India Petroleum Pdt Consumption: LDO: Lakshweep 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.RBH002: Petroleum: Consumption: by States.

Crude Oil Production in India decreased to 607 BBL/D/1K in February from 613 BBL/D/1K in January 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.

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.

Petroleum Pdt Consumption: Petrol: States data was reported at 26,175.000 Ton th in 2018. This records an increase from the previous number of 21,254.000 Ton th for 2017. Petroleum Pdt Consumption: Petrol: States data is updated yearly, averaging 10,314.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 26,175.000 Ton th in 2018 and a record low of 5,272.000 Ton th in 2000. Petroleum Pdt Consumption: Petrol: States 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.

Palm oil consumption in India was reached about 8.9 million metric tons in fiscal year 2023. This was an increase in the domestic consumption of palm oil from the previous year. The palm oil consumption in India fluctuated around eight to nine million metric tons since the financial year 2012.

India fossil fuel consumption for 2022 was 74.94%, a 0.48% increase from 2021.

<ul style='margin-top:20px;'>

<li>India fossil fuel consumption for 2021 was <strong>74.46%</strong>, a <strong>1.12% increase</strong> from 2020.</li>
<li>India fossil fuel consumption for 2020 was <strong>73.34%</strong>, a <strong>2.02% decline</strong> from 2019.</li>
<li>India fossil fuel consumption for 2019 was <strong>75.36%</strong>, a <strong>0.59% decline</strong> from 2018.</li>
</ul>Fossil fuel comprises coal, oil, petroleum, and natural gas products.

India Petroleum Pdt Consumption: FO: States data was reported at 5,912.000 Ton th in 2018. This records an increase from the previous number of 5,738.000 Ton th for 2017. India Petroleum Pdt Consumption: FO: States data is updated yearly, averaging 6,780.000 Ton th from Mar 2000 (Median) to 2018, with 18 observations. The data reached an all-time high of 8,301.000 Ton th in 2010 and a record low of 4,780.000 Ton th in 2015. India Petroleum Pdt Consumption: FO: States 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.

Petroleum Pdt Consumption: LSHS & HHS: Union Territories data was reported at 8.100 Ton th in 2018. This records an increase from the previous number of 2.000 Ton th for 2017. Petroleum Pdt Consumption: LSHS & HHS: Union Territories data is updated yearly, averaging 12.500 Ton th from Mar 2000 (Median) to 2018, with 18 observations. The data reached an all-time high of 51.000 Ton th in 2001 and a record low of 0.000 Ton th in 2013. Petroleum Pdt Consumption: LSHS & HHS: Union Territories 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 consumed an estimated volume of over five million metric tons of soybean oil in fiscal year 2023. 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 17 million metric tons that same year.

India consumed close to four million metric tons of rapeseed oil in financial year 2023. This was an increase from 2.3 million metric tons in fiscal year 2016. Rapeseed mustard is a principal winter oilseed in the south Asian country.

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 233.12 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 25 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.

In 2023, China was the largest consumer of oil in the Asia-Pacific region, with the country consuming around 16.6 million barrels of oil per day. In the same year, India consumed approximately 5.5 million barrels of oil per day, making it the second-largest consumer of oil in the region.

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.

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