Consumption of oil in Russia 2011-2021

In 2021, Russia consumed 153.4 million metric tons of oil, marking an increase by 8.4 million metric tons compared to the previous year. In 2015, the oil consumption declined following the imposition of Western sanctions on Russia and a drop in car sales across the country.

Oil use in the transport sector

Russia is the world’s fifth largest oil consumer. The largest share of petroleum in the country is used by its transport sector. With relatively low gasoline prices compared to the world and no advanced CNG or electric vehicle markets, the road transportation sector in Russia strongly relies on oil.

Energy transition - prospects for Russia?

A decline in the global oil demand is expected to have a negative effect on Russia’s energy exports. However, the domestic oil consumption volume is forecast to increase over the next decades, despite growing investments in renewable energy. Even under the scenario of energy transition, the demand for liquid fuels in Russia would only slightly decrease between 2020 and 2040.