India has cut its fuel demand growth forecast by nearly 40% as soaring crude prices, a weaker rupee, and government austerity measures slow transportation and aviation fuel consumption.

India's fuel demand growth forecast cut by 40% as price hikes and austerity measures impact consumption and mobility trends.

India’s transportation fuel demand growth is expected to slow sharply in the second half of 2026 as higher fuel prices, government-led conservation measures and a weakening rupee…