NEW DELHI: India’s demand for petroleum products like petrol and diesel will grow by 7.73 per cent in 2023, the fastest pace in the world, an OPEC report said.
India’s demand for oil products is projected to rise from 4.77 million barrels per day (bpd) in 2022 to 5.14 million bpd in 2023, OPEC said in its monthly oil report.
The growth in demand is the fastest in the world ahead of 1.23 per cent of China, 3.39 per cent of the US and 4.62 per cent of Europe.
For 2023, the Organisation of Petroleum Exporting Countries (OPEC) projected a growth of 4.67 per cent in India’s demand to 5.38 per cent.
This, however, will be lower than 4.86 per cent growth in China.
India is the world’s third largest oil importing and consuming nation behind the US and China.
Esta historia es de la edición Delhi 18 August 2022 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición Delhi 18 August 2022 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
HC seeks JNU's stand on plea for re-poll of students' union general secy
The Delhi High Court sought the Jawaharlal Nehru University’s stand on Friday on a plea seeking reelection to the post of JNUSU general secretary.
SC asks Centre to furnish data on notices, arrests done under GST Act
The bench said it would interpret the law to strengthen” the liberty, if need be, but not allow citizens to be harassed
'Good content works across platforms'
Bollywood actor Prachi Desai, who is receiving a lot of positive responses to her recent release ‘Silence 2’, said that she feels that good content works across platforms of the exhibition.
Mohun Bagan eye historic treble in ISL summit clash vs Mumbai City
Mohun Bagan will look to cap off their fairytale season with a historic treble as they face Mumbai City FC in the ISL summit clash at Salt Lake Stadium, with 62,000 partisan fans expected to cheer their guts out and paint the stands in green and maroon, creating an electrifying atmosphere here on Saturday.
Kolkata beat Mumbai after 12 years at Wankhede Stadium
Kolkata Knight Riders bowling unit performed in unison to win a battle of attrition against five-time champions Mumbai Indians by 24 runs in an IPL match here on Friday.
India's fossil fuel capacity rises 2.44% in FY24: Govt
There was a 10.79 per cent rise in non-fossil fuel based capacity addition at 190.57 gigawatt GW) in 2023-24
Sensex tanks 700 points amid selloff in telecom, tech stocks
The market capitalisation of BSE-listed companies eroded by Rs 2,25,543.41 crore to Rs 4,06,24,224.49 crore 4.89 trillion)
India's mining sector grows by 7.5% in financial year 2023-24
India’s mining sector grew by 7.5 per cent in FY24, with production of iron ore and limestone recording high growth during the year, an official statement said on Friday.
Reserve Bank proposes tighter rules to govern lending to projects
In last credit cycle, project loans were seen to have led to a build-up of stress on bank books
Sunak under pressure amid dire local election results for his party
Conservatives were down 122 while Labour was up 52