India's fuel demand growth is slowing due to price hikes for gasoline and diesel, reflecting higher oil costs from the Iran war. The trucking sector shows stress with falling freight prices and longer wait times for return trips, impacting manufacturing activity. Analysts predict further price increases, potentially dampening demand further.
India's transportation fuel demand growth is projected to slow significantly in the latter half of 2026 due to rising fuel prices, government conservation efforts, and a weakening rupee, according to a Kpler report. The forecast for 2026 demand growth was revised down by 77,000 barrels per day.
Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR saysBritain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war on consumers, a thinktank has said.Capping legal speeds at 20mph in towns and cities and 60mph on motorways would help reduce fuel demand and combat soaring oil prices triggered by conflict, according to the Institute for Public Policy Research (IPPR). Continue reading...
