Indian Oil Corporation: India's gasoline demand growth may peak by 2035

⑴ India’s largest refining company stated that as the use of electric two-wheelers and gas-powered four-wheelers increases and begins to curb consumption, the growth rate of India’s gasoline demand may peak by 2035. ⑵ Arvind Singh Sani, Chairman of Indian Oil Corporation, said that the increased blending ratio of ethanol in gasoline will also reduce consumption of this fuel. ⑶ He noted that gasoline is under pressure from multiple directions. ⑷ Sani stated that India’s most consumed refined products, diesel and aviation kerosene, will likely see demand continue to grow due to a shortage of alternative products. ⑸ Consumption of other oil products such as petroleum coke and fuel oil is also expected to rise. ⑹ He also mentioned that Indian Oil Corporation is researching related technologies, including small modular reactors, in preparation for entering the nuclear energy sector.