Crude oil and other petroleum products play an important role in Indiaâ€™s energy security and in sustaining its high growth rate. Against that background, this document empirically analyses petroleum demand; estimates demand functions for crude oil, diesel, and petroleum; and projects demand for these products up to 2025 for several different reasonable scenarios of GDP growth and crude oil prices. This analysis should help policy makers make appropriate supply arrangements and improve Indiaâ€™s energy security.
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Institute of Economic Growth, University Enclave, University of Delhi (North Campus),
Delhi 110 007, India