Consumption subsidies for fossil fuels in India

India: Consumption subsidies for fossil fuels was 47.36 billion in 2023. ▼ Falling

Latest (2023)
47.36 billion
Change on year
up 8.1%
World rank
5th
of 48 countries
All-time high
48.26 billion
in 2013
All-time low
18.83 billion
in 2020
Years of data
14
2010–2023

Consumption subsidies for fossil fuels in India, 2010–2023

010.0B20.0B30.0B40.0B50.0B2010201620232010: 23.2B2011: 42.3B2012: 47.9B2013: 48.3B2014: 36.4B2015: 27.3B2016: 22.8B2017: 22.5B2018: 31.1B2019: 23.1B2020: 18.8B2021: 30.9B2022: 43.8B2023: 47.4B

Source: Our World in Data.

Analysis

India recorded 47.36 billion for consumption subsidies for fossil fuels in 2023.

Compared with earlier readings it is up 8.1% on the previous year and down 1.9% over ten years.

Over the whole period, consumption subsidies for fossil fuels in India peaked at 48.26 billion in 2013 and was at its lowest, 18.83 billion, in 2020.

That places India 5th out of 48 countries with data for 2023, putting it in the top 10%.

The long-run direction has been consistently falling across the 14 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 32.48 billion 22.46 billion 48.26 billion 10
2020s 35.22 billion 18.83 billion 47.36 billion 4

Countries ranked near India

  1. 2 Iran 81.82 billion compare
  2. 3 Saudi Arabia 59.29 billion compare
  3. 4 China 49.03 billion compare
  4. 6 Indonesia 29.27 billion compare
  5. 7 Egypt 28.98 billion compare
  6. 8 Algeria 26.60 billion compare

See the full ranking of 48 places →

More energy & mining data for India

All data for India →

Frequently asked questions

What is consumption subsidies for fossil fuels in India?
Consumption subsidies for fossil fuels in India was 47.36 billion in 2023, according to Our World in Data.
What is the highest consumption subsidies for fossil fuels recorded in India?
The highest recorded value was 48.26 billion in 2013.
What is the lowest consumption subsidies for fossil fuels recorded in India?
The lowest recorded value was 18.83 billion in 2020.
How does India rank for consumption subsidies for fossil fuels?
India ranks 5th out of 48 countries with data for 2023.
Is consumption subsidies for fossil fuels rising or falling in India?
Over the last ten years it is down 1.9%. The long-run trend across the full record is falling.
Where does this India data come from?
The figures come from Our World in Data, published as part of Consumption subsidies for fossil fuels. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Consumption subsidies for fossil fuels
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
48 places, 672 data points, 2010–2023
Last refreshed