India’s Oil Demand to Rise 3.21% in 2019
New Delhi, November 20, 2019: As per Monthly Oil Market Report published by OPEC in September, 2019, country’s oil demand will rise by 3.21 per cent to 4.88 million barrels per day (mb/d) in 2019 from 4.73 mb/d during the previous year. As per Monthly Oil Market Report published by OPEC in September, 2019, India’s oil demand will further rise to 5.05 mb/d by 2020 (3.36% year on year), outpacing China’s oil demand growth (2.37%).
The oil conservation measures to be taken at the end-users level, inter-alia, includes:
Reducing energy consumption through introduction of standard and labeling program for equipments using petro-based fuels such as Domestic LPG Stoves, Diesel Irrigation Pump Sets & Diesel Generator Sets.
Training of drivers and organization of transport workshops
Sensitizing farmers on petroleum conservation through KisanMelas, agriculture workshops etc.
Carrying out energy audits
Educating housewives on efficient use of domestic LPG
Mass awareness activities through Saksham Campaigns, Social Media campaigns, campaigns on TV, Radio & Newspapers, literature, Exhibitions etc.
This Information was given by the Union Minister for Petroleum and Natural Gas Shri Dharmendra Pradhan in a written reply in the Rajya Sabha today.
