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India's Road Fuel Demand Won't Peak Until 2034
India’s fuel demand for road transportation is nearly a decade away from peaking despite rising sales of electric two- and three-wheelers, as commercial transport and conventional fleets will keep using greater volumes of gasoline and diesel, BloombergNEF has said. India’s fuel demand for road transportation is expected to peak at above 2.5 million barrels per day (bpd) in 2034, research firm BloombergNEF said in its India Electric Vehicle Outlook 2026. India’s rising road fuel demand could sustain global oil demand growth for…
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