25-May-2026
Economy News
 
India's fuel demand growth may slow sharply in H2 2026 amid price hikes, austerity push: Report
25-May-2026

India's transportation fuel demand growth is expected to slow sharply in the second half of 2026 as higher fuel prices, government-led conservation measures and a weakening rupee weigh on mobility and consumption trends, according to a report. The report by Kpler's lead analyst (modelling), Elif Binici, revised down India's 2026 refined products demand growth forecast by around 77,000 barrels per day (kbd), or 39 per cent, to nearly 78 kbd from an earlier estimate of 128 kbd.

News Source:- https://timesofindia.indiatimes.com/business/india-business/indias-fuel-demand-growth-may-slow-sharply-in-h2-2026-amid-price-hikes-austerity-push-report/articleshow/131290059.cms