GENERAL10 Sept 2026
OPEC forecasts India’s oil demand to accelerate by 0.06 mb/d in 2026
OPEC forecasts India's oil demand to grow by 0.06 million barrels per day (mb/d) in 2026, averaging 5.7 mb/d, and by 0.4 mb/d more in 2027. It also trimmed its global demand forecast for 2026. Petrol and diesel use, vehicle sales, manufacturing and farming drive India's growth. For business owners, fuel and transport costs may stay firm, so build a cushion into logistics budgets.
Key Statutory Highlights
- OPEC expects India's oil demand to accelerate by 0.06 mb/d in 2026, averaging 5.7 mb/d.
- It expects a further 0.4 mb/d rise in 2027, taking India's demand to about 6.1 mb/d.
- OPEC trimmed its global oil demand growth forecast for 2026 and expects it to rebound in 2027.
Actionable Advice for Taxpayers / Founders:If fuel is a large cost for your business, review your transport and logistics budget and keep a margin for higher petrol and diesel bills. Treat OPEC's numbers as a forecast, not a certainty.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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