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India’s annual diesel consumption could rise to 50 billion litres by 2030

India is looking to cut its oil imports by 10% in 2022.

Updated on: Nov 23, 2017, 08:07:55 IST
Reuters, New Delhi | By
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India’s annual diesel consumption could rise to 150 billion litres by 2030 from 90 billion litres now, Oil Minister Dharmendra Pradhan said on Wednesday.

Cars and buses clogs a road in New Delhi, India, Wednesday, Dec. 16, 2015. (AP)
Cars and buses clogs a road in New Delhi, India, Wednesday, Dec. 16, 2015. (AP)

Annual gasoline consumption in the world’s third-biggest oil consuming nation could rise to 50 billion litres by 2030 from 30 billion litres now, he said.

The energy hungry nation, which is looking to cut its oil imports by 10% in 2022, aims to boost use of bio fuels, the minister said.‍​

India currently imports about 80% of its oil needs.

 
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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