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Petrol demand set to increase 6.6% in FY26

The Morning Standard

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January 17, 2025

DOMESTIC demand for petroleum products is projected to hit a record 252.9 million tonnes in FY26, a 4.65% increase from the 241.8 million tonnes expected for FY25, as per the Petroleum Planning and Analysis Cell (PPAC).

The growth in demand is primarily driven by key transport fuels-petrol and diesel. Petrol consumption is expected to rise 6.64% to 42.6 million tonne (MT), up from 39.98 MT in FY25. Diesel demand is forecasted to grow by 2.77%, reaching 94.12 MT as against 91.57 MT in the current fiscal. This will mark the third consecutive year of record-high petroleum product consumption in India.

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