NEW DELHI: India’s diesel demand has slowed down sharply because of a sluggish economy and structural changes like GST-induced road transport efficiency, trucks being allowed to carry a bigger load, increased power supply and consumer preference for petrol vehicles.
Diesel consumption grew barely 1.1% in the six months to September when it contracted 3.3%. Diesel makes up 40% of India’s total oil demand, which grew just 1.4% in the first half of 2019-20. In FY19, the demand was up 3% for diesel, and 2.7% for total oil.
