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India’s Fuel Demand Growth Set to Slow Sharply as Prices Rise and Rupee Weakens

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India’s Fuel Demand Growth Set to Slow Sharply as Prices Rise and Rupee Weakens

Elif Binici, Lead Analyst at Kpler, has revised down India's 2026 refined products demand growth forecast by around 77,000 barrels per day (kbd) — a cut of roughly 39% — to approximately 78 kbd from an earlier estimate of 128 kbd. The revision reflects weaker expected growth across petrol, diesel and jet fuel as higher costs and government-led conservation efforts…

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