Commodity Market Report

India product markets long-term outlook H2 2020

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29 January 2021

India product markets long-term outlook H2 2020

Report summary

India had a surplus of all products except LPG in 2020 when product supply, both from the refinery and non-refinery sources, is compared with demand. The country has a large deficit in LPG, which is expected to grow. In the near term, India will continue to export gasoline and diesel because of surpluses from the private refiners. However, as a result of strong growth in gasoline and diesel demand, surpluses for transport fuels are expected to reduce sharply, especially gasoline. The country's oil demand is expected to increase by 6.06 million b/d between 2020 to 2050, accounting for more than half of global oil demand growth and more than two-thirds of Asia oil demand growth.

Table of contents

Tables and charts

This report includes 11 images and tables including:

  • Liquid road fuel demand
  • Total car parc (passenger vehicle stock)
  • Share of car parc by fuel type
  • India refineries
  • Refinery capacity investments
  • Historical net product trade
  • Refinery throughputs and utilisation
  • Crude slate by source 2019
  • Non-refinery supply by product
  • Non-refinery supply by source
  • Product balances – all supply versus demand

What's included

This report contains:

  • Document


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    India product markets long-term outlook H2 2020

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