India’s Gasoline Demand Could Peak by 2035 as EVs Gain Ground

Tsvetana Paraskova

What I Cover Tsvetana Paraskova is an energy and products reporter

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By Tsvetana Paraskova -Oct 28, 2026, 6:30 AM CDT

India’s fuel need is most likely to peak by 2035 amidst increasing ethanol mixing and increased usage of cars working on batteries and gas, according to A S Sahney, the chairman of the biggest state-owned refiner, Indian Oil Corporation(IOC).

Talking at a market occasion in Goa on Wednesday, Sahney stated that “Motor spirit is feeling pressure from all sides” as need for other improved items increases. Diesel and jet fuel need are set for ongoing development amidst increasing commercial activity and flight, while need for fuel oil and petcoke, which represent about 30% of the refining yield, is likewise set to increase, the executive kept in mind.

India requires to broaden biofuel production and usage to improve its energy security as petroleum rates skyrocket amidst the Middle East crisis, Tarun Kapoor, a consultant in India’s Prime Minister’s Office, stated last month.

India, the world’s third-largest petroleum importer, which depended upon the Middle East for almost half of its petroleum imports before the war, has actually been paying a high cost for alternative unrefined materials considering that the Iran war started.

India released in June a brand-new fuel mix with an 85% ethanol part as part of the fuel flex movement program to lower reliance on imported oil.

India’s refiners are broadening capability and exports to keep the area provided.

Amidst the worldwide diesel crisis, India’s Oil Minister Hardeep Puri stated last month that the nation would keep exporting diesel to assist fulfill worldwide need and reduce the fuel crunch.

“We honor our dedications,” the minister stated at a market occasion in New Delhi in September, keeping in mind that India’s refining capability continues to broaden thanks to years of financial investments.

India’s refining capability today is around 5.36 million barrels each day (bpd), which will increase to 5.8 million bpd over the next year, Puri stated. By 2032, India targets to have 6.4 million bpd of refining capability, the minister kept in mind.

By Tsvetana Paraskova for Oilprice.com

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