Oct 23: The double digit growth in petroleum consumption is likely to continue well into the future and aberrations, of the kind seen this year, will just be temporary blips.
8India is likely to remain the biggest market for crude in the world even as demand shrinks elsewhere, and the world sees peak demand kicking in the 2020s, according to a research report just released.
8Petrol and diesel demand between now and 2050 will see the highest growth rate in the world, and India's speed of growth will be twice as fast as China's.
8The rise in demand for transportation fuel will be higher even as India's per capita vehicle ownership remains lower than other big countries, including China
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