The lowest diesel demand growth since COVID-19

• Diesel consumption in India fell to its lowest since the pandemic in the 2024-25 fiscal year.

• The growth in diesel consumption, used to power trucks and farm machinery, was slower than in previous fiscals.

• Diesel accounts for about 40% of India’s oil use.

• The slowdown in demand growth mirrors economic activity in the country.

• Electric vehicles (EVs) are reshaping diesel demand in India, with EVs primarily affecting diesel-driven vans and light commercial vehicles.

• Petrol consumption rose 7.5% to 40 million tonnes, while LPG demand was up 5.6% to 31.32 million tonnes.

• Jet fuel consumption was up nearly 9% at about 9 million tonnes in 2024-25.

• Overall, petroleum production consumption in India was up 21% at 239.171 million tonnes.