OPEC cuts India’s 2026 oil demand growth forecast to 40,000 bpd
In short
OPEC has cut India’s 2026 oil demand growth forecast to 40,000 barrels per day. The reporting says gasoline and diesel should still lead demand, helped by strong vehicle sales, manufacturing, and farm activity.
This matters for oil markets and fuel planners in India. The reporting does not give the earlier forecast or explain the exact reason for the downgrade.
What the reporting says
OPEC cut India’s 2026 oil demand growth forecast to 40,000 barrels per day, according to the headline and source summary. The reporting says gasoline and diesel will drive consumption, supported by strong vehicle sales, manufacturing and agricultural activity. The immediate implication is a softer outlook for demand growth, but the source does not say the previous forecast level or why OPEC changed it.
Why it matters
OPEC lowered India’s 2026 oil demand growth forecast to 40,000 barrels per day. The source says gasoline and diesel will drive consumption, backed by vehicle sales, manufacturing and agricultural activity. That means demand is still expected to rise, but at a slower pace than previously implied. The reporting does not state the prior forecast or the cause of the revision.