Reported 21 days ago
India's diesel market is experiencing stagnation due to a slowing economy, with demand remaining flat at 7.64 million tons in October—marking the slowest growth since 2020. Factors contributing to this downturn include reduced consumption in smaller towns, adverse weather impacting agriculture, and a shift towards gasoline as consumer preferences change. Despite remaining a robust economy in the emerging market sector, India’s diesel demand is projected to grow modestly by 2.2% this year.
Source: YAHOO