Indian gasoline demand to peak by 2035: IOC

What happened: Indian Oil Corp expects Indian gasoline demand to peak by 2035, with motor spirit under pressure from multiple sides, A S Sahney said at an industry event. Key numbers: Gasoline demand peak expected by 2035. Fuel oil and petcoke make up 30% of refining yield. Why it matters: Diesel and jet fuel demand are expected to keep growing on industrial expansion and aviation, while IOC is also evaluating small modular reactor technologies, subject to commercial viability.

Indian Oil Corp expects Indian gasoline demand to peak by 2035, with motor spirit under pressure from multiple sides, A S Sahney said at an industry event.

Diesel and jet fuel demand are expected to keep growing on industrial expansion and aviation, while IOC is also evaluating small modular reactor technologies, subject to commercial viability.