India's fuel demand growth forecast cut by 39%
pre-market1 source ↓written by the desknot a recommendation
- to approximately
- 39%
- due to rising
- 78 kbd
- have increased
- ₹5 per litre
India’s fuel demand growth forecast has been revised down by 39% to approximately 78 kbd due to rising petrol and diesel prices, which have increased by ₹5 per litre since May. The weakening rupee and ongoing US-Iran conflict are expected to further dampen consumption and mobility.
• Demand for petrol is projected to face the sharpest decline, impacting transportation sectors.
• Government conservation measures are also contributing to this downturn, indicating a significant shift in market dynamics.
Not investment advice. For informational purposes only.