Market Size of India Retail Fuel Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.62 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Retail Fuel Market Analysis
The India Retail Fuel Market size is expected to grow from 266,138 thousand tons in 2023 to 302,903.28 thousand tons by 2028, at a CAGR of 2.62% during the forecast period (2023-2028).
Over the medium term, supportive government policies and increasing demand for fuels are expected to drive the market during the forecasted period.
On the other hand, the increasing fluctuations in crude oil prices are expected to hinder the market's growth during the forecasted period.
Nevertheless, the increasing fuel distribution network is expected to create huge opportunities for the India retail fuel market.