India's Fuel Consumption Hits Record High Amid US Trade Pressure
India's fuel consumption reached a record 21.75 million metric tons in December 2024, marking a 5.3% year-on-year increase. This milestone coincides with heightened U.S. trade pressure over India's Russian oil purchases.
Insights:
India's fuel consumption soared to a record 21.75 million metric tons in December 2024, marking the highest monthly figure in oil ministry records dating back to April 1998. This 5.3% year-on-year increase underscores robust energy demand from the world's third-largest oil consumer and importer, even as geopolitical tensions reshape global energy trade flows.
The data, released by the oil ministry's Petroleum Planning and Analysis Cell (PPAC) on January 7, 2025, comes at a critical moment when the United States 
USis escalating trade pressure on India 
INover its continued purchases of discounted Russian 
RUcrude. Washington has threatened additional tariffs beyond the current 50% level imposed on Indian goods, with former President Donald Trump donald trump stating that tariffs could rise further if India does not curb its Russian oil purchases.
USis escalating trade pressure on India INover its continued purchases of discounted Russian RUcrude. Washington has threatened additional tariffs beyond the current 50% level imposed on Indian goods, with former President Donald Trump donald trump stating that tariffs could rise further if India does not curb its Russian oil purchases.
