Story perspectives
India's Fuel Demand Soars Amid Global Declines
6/8/2025
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Story summary
- Reliance Industries and Nayara Energy are boosting domestic fuel sales amid declining international margins.
- India's fuel demand is expected to grow by 3.4% this year, while China's demand declines.
- OPEC predicts India's oil demand will increase by 246,000 barrels per day in 2024, reaching 6.0 million bpd.
- Private refiners gain a competitive advantage through access to cheaper Russian crude in the domestic market.
