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Oil to replace coal as main driver of India’s primary energy demand by 2050

  • OPEC's World Oil Outlook 2025 report forecasts a shift in India's primary energy demand, with oil expected to surpass coal as the main driver by 2050.
  • Coal's share in India's primary energy demand is projected to decrease from 45.8% in 2024 to around 29.6% in the next 25 years, while the share of oil is expected to rise to 31.1% by 2050.
  • Oil and gas are anticipated to comprise 42.7% of India's primary energy demand by 2050, with projections for India's crude oil demand peaking around 2050 and coal demand plateauing in 2045.
  • India's energy demand is predicted to double from 2024 to 2050, reaching 43.6 million barrels of oil equivalent per day, driven by factors like population growth, middle-class expansion, and economic development.

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