India to Lead Transport Fuel Demand Growth: IEA Report
ECONOMY & POLICY

India to Lead Transport Fuel Demand Growth: IEA Report

According to a recent report by the International Energy Agency (IEA), India is poised to lead global growth in demand for transport fuels, defying global trends. The report highlights India's robust economic growth, expanding middle class, and increasing urbanization as key factors driving the surge in transportation fuel consumption.

The IEA projects that India's demand for transport fuels, including petrol and diesel, will continue to rise significantly in the coming years. This growth is driven by increasing vehicle ownership, rising disposable incomes, and the ongoing expansion of infrastructure across the country.

Despite global efforts towards energy transition and decarbonization, India's transport sector is expected to remain reliant on conventional fuels due to the expanding automotive market and infrastructure development. The country's strategic initiatives such as the promotion of electric vehicles (EVs) alongside conventional fuel usage are aimed at balancing energy security with environmental sustainability.

The IEA report underscores the importance of India's transport sector in global energy dynamics and highlights the need for strategic energy policies to manage fuel demand growth sustainably. It suggests that India's evolving energy landscape presents opportunities for investments in cleaner and more efficient transport technologies.

As India emerges as a pivotal player in global transport fuel demand, policymakers and industry stakeholders are urged to collaborate on advancing energy efficiency, promoting alternative fuels, and enhancing infrastructure resilience. This approach will be crucial in meeting India's energy needs while aligning with international climate goals.

In conclusion, India's projected leadership in transport fuel demand growth reflects its dynamic economic trajectory and underscores the imperative for balanced energy strategies in the face of global energy transitions.

According to a recent report by the International Energy Agency (IEA), India is poised to lead global growth in demand for transport fuels, defying global trends. The report highlights India's robust economic growth, expanding middle class, and increasing urbanization as key factors driving the surge in transportation fuel consumption. The IEA projects that India's demand for transport fuels, including petrol and diesel, will continue to rise significantly in the coming years. This growth is driven by increasing vehicle ownership, rising disposable incomes, and the ongoing expansion of infrastructure across the country. Despite global efforts towards energy transition and decarbonization, India's transport sector is expected to remain reliant on conventional fuels due to the expanding automotive market and infrastructure development. The country's strategic initiatives such as the promotion of electric vehicles (EVs) alongside conventional fuel usage are aimed at balancing energy security with environmental sustainability. The IEA report underscores the importance of India's transport sector in global energy dynamics and highlights the need for strategic energy policies to manage fuel demand growth sustainably. It suggests that India's evolving energy landscape presents opportunities for investments in cleaner and more efficient transport technologies. As India emerges as a pivotal player in global transport fuel demand, policymakers and industry stakeholders are urged to collaborate on advancing energy efficiency, promoting alternative fuels, and enhancing infrastructure resilience. This approach will be crucial in meeting India's energy needs while aligning with international climate goals. In conclusion, India's projected leadership in transport fuel demand growth reflects its dynamic economic trajectory and underscores the imperative for balanced energy strategies in the face of global energy transitions.

Next Story
Infrastructure Transport

NHAI to Build 6-Lane Agra-Gwalior Expressway on BOT (Toll) Mode

To enhance connectivity between the tourism hubs of Agra and Gwalior, National Highways Authority of India (NHAI) will develop 88 km long 6-lane access controlled Agra-Gwalior Greenfield Expressway (NH-719D). NHAI, today signed a concession agreement for the implementation of project with GR Infraprojects, in presence of NHAI Chairman, Santosh Kumar Yadav and senior officials of NHAI and the Concessionaire. The Agra-Gwalior Greenfield Expressway will start from Deori village in Agra and terminate at Susera village in Gwalior. The project shall be developed at a Total Capital Cost of Rs 46.13 b..

Next Story
Infrastructure Transport

Cabinet Nods 166.8-km NH-6 Greenfield Corridor on HAM Mode

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi has approved the proposal for Development, Maintenance and Management of 4-lane Greenfield Access Controlled 166.80 km of National Highway No. 06 from Mawlyngkhung (near Shillong) in Meghalaya to Panchgram (near Silchar) in Assam on Hybrid Annuity Mode as an access controlled greenfield High-Speed Corridor at a total capital cost of Rs 228.64 billion. The project length of 166.80 km lies in Meghalaya (144.80 km) and Assam (22.00 km). The proposed Greenfield high-speed corridor will improve the service level ..

Next Story
Infrastructure Urban

Commercial Ops Begin at Multi-Modal Logistics Park in Nagpur

Under the PM Gati Shakti initiative of Prime Minister with the aim to provide seamless and efficient connectivity for the movement of people, goods and services across various modes of transport, thereby enhancing last-mile connectivity and reducing travel time, and under the guidance of Union Minister of Road Transport and Highways, Nitin Gadkari, the Multi Modal Logistics Park, Nagpur (MMLP Nagpur) at Sindi, near Wardha commenced its commercial operations with a goal to establish a faster link. The MMLP Nagpur established by National Highway Logistics Management (NHLML), a 100 per cent own..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?