Oil refiner IOC sees growth in Indian fuel demand above 4% in 2019

Growth in India’s fuel demand is expected to remain above 4% this year, driven by consumption of gasoline and jet fuel in the transportation sector, the head of the country’s largest state-owned refiner said on Tuesday.

Gasoline and jet fuel demand are expected to rise by 7% to 8% this year, while diesel consumption could increase by 3%, Indian Oil Corp Chairman Sanjiv Singh told Reuters.