# India fuel demand growth forecast slashed 39% on price hikes 2026-08-08T03:34:16+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet India's fuel demand growth forecast for 2026 has been slashed by 39% to about 78,000 barrels per day, down from an earlier estimate of 128,000 barrels per day, according to a Kpler report. The revision comes as the government raised petrol and diesel prices by roughly Rs 5 per litre since May 15, alongside conservation appeals, while the rupee weakened 10% against the dollar over the past year. Petrol demand growth was cut 40%, diesel by about 20,000 barrels per day, and jet fuel by nearly half. ## Coverage - millenniumpost.in - hindustantimes.com Tags: diesel price, fuel austerity, fuel demand, OMCs, petrol price hike, rupee depreciation Canonical: https://indianopinion.org/fuel-austerity-cuts-indias-2026-fuel-demand-growth-forecast-39/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/fuel-austerity-cuts-indias-2026-fuel-demand-growth-forecast-39/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.