India's Auto Sales Spur Oil Demand

The video discusses the surge in oil consumption in India, driven by consistent GDP growth and increased discretionary spending. This has led to higher sales of gasoline and diesel, primarily used in transportation and agriculture. Analysts predict continued growth if oil prices remain low and GDP growth persists.

What has contributed to the increased sales of gasoline in India?

• Higher oil prices

• Increase in agricultural activities

• Rise in vehicle purchases like scooters

• Decrease in public transport usage

Which two fuels account for almost half of India's oil consumption?

• Kerosene and LPG

• Natural gas and coal

• Biofuel and ethanol

• Gasoline and diesel

What is the primary use of diesel in India?

• Cooking fuel

• Electricity generation

• Commercial transport and agriculture

• Residential heating

What is the estimated growth rate for India's oil consumption in 2017?

• 5.2%

• 6.8%

• 7.6%

• 8.4%

What factors could sustain the growth in India's oil consumption?

• Reduction in vehicle sales

• Increase in oil prices

• Low oil prices and continued GDP growth

• Decrease in GDP growth