India domestic fuel demand on the rise… FuelFix

September 20, 2016 by Jim Colburn Leave a Comment

Here is the link: http://fuelfix.com/blog/2016/09/20/indias-oil-imports-hit-record-as-gasoline-demand-booms/

“India’s domestic fuel demand has been rising at a scorching pace,” according to Tushar Tarun Bansal, director at Singapore-based Ivy Global Energy. “To meet this strong growth, India’s refinery runs have been on an uptrend, leading to higher imports.”

The nation’s gasoline consumption reached a record in August, surging 25 percent from a year earlier, while demand for diesel rose 13 percent, the fastest pace since March. Virendra Chauhan, an oil analyst at Singapore-based consulting firm Energy Aspects Ltd., expects India’s oil demand to grow by 0.4 million barrels a day this year and by 0.2-0.3 million barrels a day next year.”

FYI… Energy Apspects is in line with the EIA which has India’s demand growing by .35 million this year: (http://www.eia.gov/forecasts/steo/pdf/steo_full.pdf)

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