Indian Oil sees gasoline demand peaking by 2035
In short
Indian Oil says gasoline demand in India may peak by 2035. The company links that to more electric vehicles, plus ethanol blending and more gas vehicles.
The company also expects diesel and jet fuel demand to keep rising. The reporting does not give a size for the peak or say what exact policy or market change will drive it.
What the reporting says
Indian Oil said Indian gasoline demand is projected to peak by 2035 as electric vehicles become more prevalent. The chairman also pointed to ethanol blending and more gas vehicles, while expecting diesel and jet fuel demand to keep growing with industrial expansion. The reporting does not give the forecast size or any policy change behind it.
Why it matters
Indian Oil’s chairman said Indian gasoline demand should peak by 2035, with electric vehicles, ethanol blending and more gas vehicles cited as factors. The same reporting says diesel and jet fuel demand may continue rising because of industrial expansion, and petcoke demand is expected to increase. The source does not quantify the forecast or identify any new policy decision.