Mumbai, Nov. 14 -- OPEC noted that in September, India's oil demand expanded further by 343 thousand barrels per day (tb/d), y-o-y, following an increase of 119 tb/d, y-o-y, seen the previous month. Domestic economic activity is expected to strengthen further, following sound economic growth in the first half of 2025. Strong private consumption and solid expansion in the services sector, driven by policy reforms and government support for key sectors, are expected to provide support.

Accordingly, these factors are expected to bolster steady oil demand in India in the near term. Gasoline is expected to drive demand growth in 2025, and diesel is also expected to show a y-o-y increase. NGLs/LPG demand is predicted to grow, y-o-y, driven mai...