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.
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.
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Forecast: Coconut Oil Demand in India 2023 - 2027 Discover more data with ReportLinker!
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India: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 1829.17 thousand barrels per day, an increase from 1700.21 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for India from 1980 to 2023 is 909.91 thousand barrels per day. The minimum value, 238.32 thousand barrels per day, was reached in 1980 while the maximum of 1829.17 thousand barrels per day was recorded in 2023.
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Petroleum Pdt Consumption: Others: States data was reported at 15,880.000 Ton th in 2018. This records an increase from the previous number of 13,759.000 Ton th for 2017. Petroleum Pdt Consumption: Others: States data is updated yearly, averaging 6,864.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 15,880.000 Ton th in 2018 and a record low of 1,768.000 Ton th in 2004. Petroleum Pdt Consumption: Others: 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.
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India coconut oil market size is projected to exhibit a growth rate (CAGR) of 7.32% during 2025-2033. The growing trend toward organic and virgin coconut oil, driven by consumers seeking minimally processed and higher quality products, is fueling the market.
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Petroleum Pdt Consumption: ATF: Union Territories data was reported at 1,993.000 Ton th in 2018. This records an increase from the previous number of 1,783.000 Ton th for 2017. Petroleum Pdt Consumption: ATF: Union Territories data is updated yearly, averaging 1,200.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 1,993.000 Ton th in 2018 and a record low of 113.000 Ton th in 2013. Petroleum Pdt Consumption: ATF: 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 23 million metric tons of vegetable oils in fiscal year 2023. These included oil from coconuts, cottonseeds, olives, palm, peanuts, rapeseed, soybeans, and sunflowers. The worldwide consumption that year was over 210 million metric tons.
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The Indian Oil and Gas Industry offers a diverse range of products, including crude oil, refined petroleum products, natural gas, and petrochemicals. Crude oil is primarily used in refineries to produce gasoline, diesel, and other fuel products. Refined petroleum products are widely consumed in transportation, industrial, and residential sectors. Natural gas is gaining popularity as a cleaner fuel alternative and is used for power generation and industrial processes. Petrochemicals are used to manufacture plastics, fertilizers, and other essential products. Recent developments include: In March 2023, Indian Oil Corporation Ltd. announced that the company would invest USD 742 million in building a petrochemical complex at Paradip in the state of Odisha., In January 2022, Adani Total Gas Ltd (ATGL), a joint venture between the Adani Group and TotalEnergies, won licenses to expand its City Gas Distribution (CGD) network to 14 new geographical areas with an investment of USD 243 million.. Key drivers for this market are: 4., Increasing Investment in the Upstream Sector4.; Supportive Government Policies. Potential restraints include: 4., Increasing Demand to Diversify the Power Generation Mix by Introducing Renewable Energy Sources. Notable trends are: The Downstream Sector is Expected to Witness Significant Growth.
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Forecast: Ricebran Oil Demand in India 2023 - 2027 Discover more data with ReportLinker!
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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.
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Access monthly energy price assessments for Germany, featuring Fuel Oil and other key energy commodities. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Coverage for India and over 30 other countries is included in Intratec Energy Prices & Markets. Free preview available.
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Forecast: Fish Body Oil Demand in India 2023 - 2027 Discover more data with ReportLinker!
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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.
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Forecast: Oil Consumption in India 2022 - 2026 Discover more data with ReportLinker!
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The India coconut oil market is expected to grow at a CAGR of 7.50% in the forecast period of 2025-2034.
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Petroleum Pdt Consumption: LDO: Union Territories data was reported at 7.000 Ton th in 2018. This records a decrease from the previous number of 27.000 Ton th for 2017. Petroleum Pdt Consumption: LDO: Union Territories data is updated yearly, averaging 22.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 121.000 Ton th in 2000 and a record low of 0.000 Ton th in 2013. Petroleum Pdt Consumption: LDO: 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.
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.
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India Oil and Gas Downstream Market was valued at USD 347 billion in 2024 and is expected to reach at USD 455.9 Billion in 2030 and project robust growth in the forecast period with a CAGR of 4.5% through 2030.
Pages | 86 |
Market Size | 2024: USD 347 Billion |
Forecast Market Size | 2030: USD 455.9 Billion |
CAGR | 2025-2030: 4.5% |
Fastest Growing Segment | Wholesale |
Largest Market | West India |
Key Players | 1. Indian Oil Corporation Limited 2. Bharat Petroleum Corporation Limited 3. Hindustan Petroleum Corporation Limited 4. Reliance Industries Limited 5. Essar Oil Limited 6. Nayara Energy Limited 7. Mangalore Refinery and Petrochemicals Limited 8. Oil and Natural Gas Corporation Limited 9. GAIL (India) Limited 10. HPCL Mittal Energy Limited |
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The India Edible Oil Market reached a volume of 10,43,162 Mt Tons, driven by rising consumer health consciousness and a shift towards organic and low-cholesterol edible oils. This trend reflects a growing awareness of health and wellness among Indian consumers, leading to increased demand for healthier oil options.
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.