Demand for diesel-run cars to fall further in 2020
Demand for diesel cars has come down as the gap between diesel and petrol retail prices narrowed, besides uncertainty over the life span of diesel-run vehicles due to the environmental concerns.
The share of diesel cars in total car sales has already come down to 14 per cent in the first quarter of FY2020 and from 47 per cent in FY2013.
Looking at this year, the gap in prices of petrol and diesel is expected to decline further. So far in 2020, petrol prices are up by 60 paise, while diesel prices have gone up by 83 paise.
