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EnergyReportedMedium
5.3

India Road Fuel Demand to Peak at 2.5M bpd in 2034, BNEF Says

BloombergNEF projects India's road fuel demand will peak above 2.5 million bpd in 2034, nearly a decade away, despite EV adoption in two- and three-wheelers. Commercial transport and conventional fleets will sustain gasoline and diesel growth, supporting global oil demand. The forecast implies continued oil demand growth in India, a key driver for global markets.

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OilPrice.com2 days agoINengCredibility 47%View source

Score Breakdown

Mosaic Score5.3
Model confidence0.7
Significance0.5
Source credibility0.5

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