India's crude oil demand to hit 500 million tonnes by 2040 - Indian Oil Corp

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Reuters SINGAPORE
Last Updated : Sep 25 2018 | 8:40 AM IST

SINGAPORE (Reuters) - India's crude oil demand is forecast to grow to 500 million tonnes per year by 2040, Partha Ghosh, an executive director at Indian Oil Corp said on Tuesday.

That would be equivalent to around 10 million barrels per day (bpd), up from about 4.7 million bpd in 2017.

(Reporting by Koustav Samanta; Editing by Joseph Radford)

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First Published: Sep 25 2018 | 8:21 AM IST

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