Key Market Indicators
India's fuel imports are projected to surge to approximately 4,530 cubic meters by 2028, up from around 1,510 cubic meters in 2023. This marks an average annual growth rate of 16.3%. The country's demand for fuel has seen a consistent increase since 1966, with an annual growth rate of 31.8%. On the export front, Indian fuel exports are anticipated to reach about 528 cubic meters by 2028, compared to roughly 511 cubic meters in 2023. This reflects a modest average annual growth rate of 0.5%. Since 1966, India's fuel supply has experienced a substantial rise, growing at an annual rate of 70%.
