India's largest refiner said that as the increase in the use of electric two-wheelers and gas four-wheelers begins to curb consumption, the growth rate of gasoline demand in India may peak in 2035. Indian Petroleum Chairman Arvinder Singh Sahney told reporters at an industry event in Goa that increasing the mixing ratio of ethanol in gasoline will also reduce the consumption of this oil product. He said gasoline “is under pressure from all sides.” According to Sahney, demand for India's most consumed refined oil, diesel and aviation kerosene, is likely to continue to grow due to the scarcity of alternative products. Consumption of other oil products such as petroleum coke and fuel oil is also expected to rise. He also said that Indian Petroleum is studying related technology, including small modular reactors, to prepare for plans to enter the nuclear energy field.

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