Mumbai, June 11 -- The US Energy Information Administration or EIA stated yesterday that is expects India will increase its consumption of petroleum and liquid fuels by 0.2 million barrels per day (b/d) in 2025 and 0.3 million b/d in 2026, compared with an increase of 0.2 million in 2024, driven by rising demand for transportation fuels. Consumption is seen at 5.65 million b/d in 2025 and 5.93 million b/d in next year. It noted further that India's fuel production will come in at 0.98 million b/d in 2025, up modestly compared to 0.95 million b/d. Output is seen improving further to 1.01 million b/d in next year.

Published by HT Digital Content Services with permission from Capital Market....