India’s petroleum consumption UPSC NOTE


  • India’s petroleum consumption increased to 231 million tonnes in 2023, up from 219 million tonnes in 2022, according to the Ministry of Petroleum and Natural Gas.

  • Consumption was severely affected by the coronavirus pandemic but has mostly recovered.

  • It was only 6 million tonnes below the pre-pandemic trend for 2015-2019 last year. 

  • India and China both experienced compound annual growth in consumption of around 3.5% between 2012 and 2022, compared with just 0.5% per year in the rest of the world.

  • China’s consumption started the 2010s almost three times larger than India’s, so similar percentage growth rates have translated into much larger absolute increases in the number of tonnes used.

  • As China’s rapid deployment of electric vehicles curbs further consumption growth, India’s absolute increases will draw level and then take the lead later this decade. 

  • India’s share of global oil consumption already rose to more than 5% in 2022, up from 4% in 2021 and 3% in 2002.



Amritsar,1,Art & Culture,1,August 2023,251,Courses,7,Daily Current Affairs,48,December 2023,189,Disaster Management,2,Environment and Ecology,54,February 2024,188,Foundation Course,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,67,Govt Schemes,2,GST,1,History,2,Home,3,IAS Booklist,1,Important News,71,Indian Economy,46,Indian History,2,Indian Polity,56,International Organisation,12,International Relations,58,Invasive Plant,1,January 2024,240,July 2023,281,June 2022,6,June 2023,268,May 2022,17,Mentorship,2,November 2023,169,October 2023,203,Places in News,2,Science & Technology,66,September 2023,205,UPSC CSE,111,
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: India’s petroleum consumption UPSC NOTE
India’s petroleum consumption UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content