Indian oil and gas demand forecast
India’s energy landscape is entering a transformative decade, driven by rapid industrial expansion, rising mobility, and growing urbanization. According to the Indian Petroplus analysis, the Indian oil and gas demand forecast points toward sustained growth through 2030, underpinned by economic recovery, infrastructure investments, and government policy support.
Oil demand in India is projected to rise steadily, crossing 5.5 million barrels per day by 2030 as transportation, aviation, and petrochemical sectors expand. The surge in vehicle ownership, coupled with growing consumption of plastics and chemicals, continues to keep crude imports high. However, refiners are also diversifying into biofuels, hydrogen, and gas-based energy to balance sustainability goals with demand pressures.
On the gas front, India’s natural gas demand is expected to grow by more than 6% annually, supported by LNG infrastructure additions and expanding city gas distribution networks. The government’s ambition to raise the share of natural gas in the energy mix from the current 6% to 15% by 2030 is driving massive investment in pipelines, regasification terminals, and domestic production enhancement.
Indian Petroplus highlights that policy clarity on pricing, taxation, and open access will be key to attracting new investments in exploration and LNG infrastructure. The demand for cleaner fuels in industries such as fertilizers, power, and transport positions gas as a major transition fuel.In summary, the Indian oil and gas demand forecast underscores a future where energy growth aligns with sustainability goals. While oil remains the dominant fuel, gas and renewables are set to play a larger role in meeting India’s dynamic and diversified energy demand, Gas Demand India, Oil Market India, India Energy Transition, Energy Security India, Powering India.
