Fossil-fuel subsidies (consumption and production) in India

India: Fossil-fuel subsidies (consumption and production) was 67.5 in 2024. ▲ Rising

Latest (2024)
67.5
Change on year
up 6.9%
World rank
5th
of 201 countries
All-time high
67.5
in 2024
All-time low
22.86
in 2010
Years of data
15
2010–2024

Fossil-fuel subsidies (consumption and production) in India, 2010–2024

2030405060702010201720242010: 22.92011: 43.12012: 46.32013: 52.72014: 40.72015: 28.52016: 262017: 282018: 37.52019: 28.32020: 25.52021: 36.22022: 61.52023: 63.12024: 67.5

Source: United Nations Statistics Division, SDG Global Database.

Analysis

In 2024, fossil-fuel subsidies (consumption and production) in India stood at 67.5. That is the highest value across all 15 years on record.

Compared with earlier readings it is up 6.9% on the previous year and up 65.8% over ten years.

Over the whole period, fossil-fuel subsidies (consumption and production) in India peaked at 67.5 in 2024 and was at its lowest, 22.86, in 2010.

That places India 5th out of 201 countries with data for 2024, putting it in the top 10%.

The long-run direction has been consistently rising across the 15 years of available data.

Fossil-fuel subsidies (consumption and production) in India, year by year

Annual values for Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars) in India, 2010 to 2024.
Year Value Change
2010 22.86
2011 43.13 +88.7%
2012 46.3 +7.4%
2013 52.66 +13.7%
2014 40.72 -22.7%
2015 28.54 -29.9%
2016 25.99 -9.0%
2017 28 +7.7%
2018 37.49 +33.9%
2019 28.35 -24.4%
2020 25.54 -9.9%
2021 36.17 +41.6%
2022 61.47 +69.9%
2023 63.13 +2.7%
2024 67.5 +6.9%

India compared with similar countries

  • India's 67.5 is above the median for lower middle income countries, which is 0.0085, 7899.8× the median. (42 countries reporting)
  • India's 67.5 is above the median for South Asia, which is 0.7253, 93.1× the median. (6 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 35.4 22.86 52.66 10
2020s 50.76 25.54 67.5 5

Countries ranked near India

  1. 3 Iran (Islamic Republic of) 104.6 compare
  2. 4 China 90.01 compare
  3. 6 Saudi Arabia 47.44 compare
  4. 7 Japan 45.11 compare
  5. 8 Indonesia 34.79 compare

See the full ranking of 238 places →

More energy & mining data for India

All data for India →

Frequently asked questions

What is fossil-fuel subsidies (consumption and production) in India?
Fossil-fuel subsidies (consumption and production) in India was 67.5 in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest fossil-fuel subsidies (consumption and production) recorded in India?
The highest recorded value was 67.5 in 2024.
What is the lowest fossil-fuel subsidies (consumption and production) recorded in India?
The lowest recorded value was 22.86 in 2010.
How does India rank for fossil-fuel subsidies (consumption and production)?
India ranks 5th out of 201 countries with data for 2024.
Is fossil-fuel subsidies (consumption and production) rising or falling in India?
Over the last ten years it is up 65.8%. The long-run trend across the full record is rising.
Where does this India data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars). Statizoid updates them automatically from the source API.

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Fossil-fuel subsidies (consumption and production) in India. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 15 September 2026, from https://energy.statizoid.com/stat/fossil-fuel-subsidies-consumption-and-production-billions-of-nominal-united-states-dollars/india/

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About this data

Indicator
Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
238 places, 3,358 data points, 2010–2024
Last refreshed