# India's top state refiner sees diesel and jet demand rising as ULSD heating oil sits at $4.77/gal — EnergyReader.io

> India's largest state refiner expects diesel and jet fuel demand to keep growing, while gasoline demand peaks by 2035. An IEA forecast shows a 2.6 million b/d global demand drop, and ULSD heating oil is at $4.77/gal with Brent near $114.

- Date: 2026-10-29 · published 2026-10-29T06:06:02.845Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/276-india-s-top-state-refiner-sees-diesel-and-jet-demand-rising-as-ulsd-heating-oil
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tight distillate supply and high crude keep diesel costs elevated, raising freight and farm operating expenses for feed producers.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-04-23 | [While Trump Has His Eye on Gasoline, Diesel Price Is Sneaking Up - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/65680-while-trump-has-his-eye-on-gasoline-diesel-price-is-sneaking-up-energy-news-top.md) | +1.3% | +7.0% |
| DIESEL | 2024-09-26 | [Diesel inches higher as US, China stimulus lifts demand hopes](https://feedsoft.ai/events/28498-diesel-inches-higher-as-us-china-stimulus-lifts-demand-hopes.md) | +1.2% | +3.2% |
| DIESEL | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +7.2% | +13.8% |
| DIESEL | 2017-09-27 | [Surging Diesel Demand Is Underpinning Crude Oil’s Bull Market - Bloomberg](https://feedsoft.ai/events/69113-surging-diesel-demand-is-underpinning-crude-oil-s-bull-market-bloomberg.md) | -5.1% | -1.3% |
| DIESEL | 2025-06-25 | [Diesel prices soar: Regional breakdown of  how Middle East conflict is impacting U.S gas and diesel prices \| FleetOwner](https://feedsoft.ai/events/24387-diesel-prices-soar-regional-breakdown-of-how-middle-east-conflict-is-impacting.md) | +1.5% | +7.7% |
| BRENT | 2022-12-16 | [Rising oil prices and import rates to India are supporting vegetable oil quotes](https://feedsoft.ai/events/38344-rising-oil-prices-and-import-rates-to-india-are-supporting-vegetable-oil-quotes.md) | -1.8% | +2.7% |
| BRENT | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +16.6% | +35.6% |
| BRENT | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +6.9% | +18.8% |

## Sources

- energyreader.io: https://energyreader.io/brief/17357

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.