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India energy month in brief - Understanding India's oil demand surge

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Report summary

In our every month-in-brief, we explore the latest developments and themes happening across India's upstream, downstream, gas, coal and power sectors. Latest figures suggest that India's oil demand went up by 405 kb/d in Q1 2016. In this edition, we look behind the various drivers that is fuelling the rapid growth. Besides the key fuels - diesel, gasoline and LPG, petroleum coke contributed 15% to the demand growth in FY 2016 (April 2015 - March 2016). More significantly, India's oil demand crossed 4 million barrels/day in Q1 2016. When China crossed the 4 million mark back in 1999, that marked the beginning of a decade long boom. We contrast the differences between the make-up of India's demand today and China's demand back then.

What's included

This report contains

  • Document

    India energy month in brief - Understanding India's oil demand surge

    PDF 286.00 KB

Table of contents

  • Oil demand rose by 405 kb/d in Q1
  • Will India's growing economy boost oil demand?
  • Contrasting recent demand trend with China's take-off years
  • Petcoke taking away coal demand from the cement sector

Tables and charts

This report includes 4 images and tables including:

Images

  • Year-on-year change in India's oil demand by product
  • China's oil demand (1995-2015)
  • India (2016) and China (1999) oil demand by product
  • India petroleum coke supply-demand balance, 2015-18

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