India's oil demand outpaced world amid pandemic, Russia-Ukraine war

Consumes nearly half a million barrels a day more, than in 2019

Recent global oil production cuts come even as India’s demand for energy has been growing faster than the global average and that of many large economies.

The country’s expected demand of 5.39 million barrels a day in 2023 is a 4.86 per cent increase from its oil demand in 2022, shows data from the Organization of the Petroleum Exporting Countries (Opec). In comparison, world oil demand is expected to rise by 2.32 per cent to 101.9 million barrels a day in 2023 over the previous year. India's demand for oil has also grown more than its consumption in the pre-pandemic