India’s gasoline thirst shows no sign of being slaked: Kemp

11 Jan 2017   India

India’s gasoline consumption continues to grow rapidly as an increasing number of individuals purchase their first motorized vehicle, helping drive the fastest growth in fuel demand in the world. India’s gasoline consumption rose more than 12 percent in 2016 compared with 2015, according to preliminary fuel sales figures compiled by the Ministry of Petroleum and Natural Gas ( tmsnrt.rs/2ierliq ). Motor spirit consumption averaged 574,000 barrels per day in 2016, up from 513,000 bpd in 2015 and 447,000 bpd in 2014. Consumption is being driven by an enormous increase in the number of drivers on the country’s roads for the first time. The number of registered motor vehicles hit 210 million by March 2015 up from just 105 million in March 2008 (“Road Transport Yearbook”, Ministry of Road […]

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