New Delhi, Feb. 8 -- India's refined crude demand will peak later than in other major economies, placing the country in the spotlight driving this demand, according to S&P Global Commodity Insights.

The global commodities information services provider, in a note, said while alternative fuels are gradually shifting energy consumption patterns away from fossil fuels, the fossil fuel usage will remain significant in the foreseeable future.

Notably, India's refined product demand grew 3 per cent year-over-year in 2024, compared to flat growth in China

"Despite India's demand being approximately one-third of China's, the rising population and increasing per capita income will keep India in focus," said Abhishek Rajan, South Asia oil researc...