India’s fuel demand growth may slow sharply in H2 2026 amid price hikes, austerity push

AI Summary

India's transportation fuel demand growth is expected to slow sharply in the second half of 2026 due to price increases, government austerity measures, and a weakening currency. Petrol demand faces the steepest drop as reduced commuting and discretionary travel impact consumption.

India's transportation fuel demand growth is set for a sharp slowdown in late 2026. Higher prices, government conservation efforts, and a weakening rupee are impacting mobility. Analysts have significantly cut growth forecasts, with petrol demand facing the steepest decline due to reduced commuting and discretionary travel.