tHE lITERATURE ON THE opec ENERGY POLICY HAS PRIMARILY FOCUSED / on its production and export potential > The rapidly increasing domestic demand for petroleum products in OPEC countries has often been ignored> This study estimates domestic demand for petroleum products by the major OPEC economies and forecasts consumption trends under alternative assumptions regarding economic growth and price deregulation. It concludes that product demand is generally price and income inelastic and thus domestic consumption in OPEC will continue to grow rapidly even if domestic prices are raised closer to world level in the near future