Indian oil and gas demand supply | |
Indian oil and gas demand supply Oil Demand and Supply in India Demand Domestic Consumption: India is the third-largest consumer of oil in the world, with consumption reaching around 5 million barrels per day (bpd) in recent years.The demand is driven by sectors like transportation, industry, power generation, and fertilizers. The rise of electric vehicles and renewable energy sources has had some effect, but oil demand is still expected to increase significantly. Imports: India is highly dependent on imports to meet its oil demand. More than 85% of its oil needs are imported, primarily from the Middle East, followed by countries like the USA and Russia. Oil is imported mainly through the Indian Ocean, making it vulnerable to geopolitical risks and changes in global oil prices. #Indianoilandgas #Indianpetroplus | |
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Target State: All States Target City : All Cities Last Update : 07 January 2025 3:55 PM Number of Views: 31 | Item Owner : Indianpetroplus Contact Email: Contact Phone: (None) |
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