India Oil & Gas Retail Market

12thJuly 2016 – Navi Mumbai, India: Market reports on India presents the latest report on “India Oil & Gas Retail Market”. India is now emphasizing more on oil and gas than high carbon-intensive coal based technologies.

India’s primary energy demand is going to rise sharply in at least next two decades due to its favorable conditions for economic progress – India economy is likely to cross US$ 3 Trillion mark by 2020 from US$ 2.1 Trillion now. Despite its ambitious push for renewable energy technologies, a major portion of India’s future energy demand will be met by hydrocarbon based energy resources due to technical and commercial advantages. In order to cut down its carbon emissions intensity of GDP, India is now emphasizing more on oil and gas than high carbon-intensive coal based technologies. Between oil and gas, India’s policy is focusing on greater usage of natural gas due to its low emission-intensity. All the segments of oil and gas sector is likely to grow at healthy rate due to massive investment potential including the downstream sector particularly marketing and retailing sector which is going to be biggest gainer.

India’s recent policy reforms in oil and gas sector are going to impact all the segments viz. exploration, production, refining and retailing but due to the already favorable market conditions, retailing is likely to be emerge more attractive segment for investment. In last five years India has stopped regulating prices of all petroleum products except LPG and Kerosene and has open the market as per international crude oil price. Analyzing the domestic consumption and exports of the five major petroleum or gas based products – petrol, diesel, ATF, LPG and CNG suggest the increasing attractiveness of domestic market for these products. Hence quite naturally oil and gas companies in India are focusing more on domestic market than exports. Consumption of petrol – one of the most commonly used fuels in transport sector, has been growing...