Indian liquid fuels consumption declined in the first quarter of 2017 but is beginning to recover (5/17/2017)

India is a major contributor to the growth in global liquid fuels consumption. Total liquid fuels consumption in India grew 8% in 2016, the largest increase since 2009, to an estimated 4.35 million barrels per day (b/d). EIA estimates that in 2015 and 2016, Indian liquid fuels consumption growth constituted 19% and 20%, respectively, of the net global growth in liquid fuels consumption. However, according to preliminary estimates from India’s Ministry of Petroleum and Natural Gas, Indian liquid fuels consumption fell 3% in the first quarter of 2017 compared with the same quarter in 2016, the first year-over-year quarterly decline since 2013. ... More »