India’s fuel demand growth may slow sharply in H2 2026 amid price hikes, austerity push

India's transportation fuel demand growth is set for a sharp slowdown in late 2026. Higher prices, government conservation efforts, and a weakening rupee are impacting mobility. Analysts have significantly cut growth forecasts, with petrol demand facing the steepest decline due to reduced commuting and discretionary travel.

By TOI BUSINESS DESK