The biofuel consumption in India is projected to grow from 70.99 in 2024 to 99.29 in 2028, measured in thousand barrels of oil equivalent per day (kboe/d). This results in a compound annual growth rate (CAGR) of approximately 8.8% over the five-year period. Comparing the year-on-year growth rates, we see 10.06% from 2024 to 2025, 9.06% from 2025 to 2026, 8.28% from 2026 to 2027, and 7.60% from 2027 to 2028. This indicates a consistent increase but at a slightly decreasing rate over the years.
Future trends to watch for include government policies supporting biofuels, technological advancements in biofuel production, and shifts in energy consumption patterns due to environmental concerns. These factors could influence both the pace and sustainability of the projected growth in biofuel consumption in India.
