Demand for conventional fuels to rise despite electric vehicles: Pradhan

Petroleum Minister said in the next few years, India will see at least 25% of the overall global conventional fuel demand growth

Getting into the debate over electric vehicles (EVs), Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday said that the introduction of EVs would not mean the end of conventional fuel as its demand would also increase. Pradhan added that the country should work on a multi-source energy model.   

The minister said that in the next few years, India will see at least 25 per cent of the overall global conventional fuel demand growth. "Even after the introduction of EVs, refineries will still be required as demand for conventional fuel is also going to increase for some years,"