NEW DELHI, Feb. 27 -- The timelines for peak fossil fuel consumption-including oil and coal in both India and globally-may be delayed further amid geopolitical tensions that are pivoting the focus towards energy security and countries deviating from their climate commitments, Shell plc's chief economist Mallika Ishwaran said.

While decarbonization in road transport is under way, there is little progress in aviation, marine and steel, which would delay the energy transition journey and eventually, peak oil timelines, Ishwaran said in an interview.

"We are seeing oil persisting. Electrification of road transport happens anyway, and that displaces anywhere between 40% to 60% of oil demand in road transport, so that's the significant displa...