India’s Diesel Demand Struggles To Recover

Diesel demand in India, which has been the key driver of the country’s economic growth in recent years, is struggling to catch up with gasoline in terms of fuels recovering from the pandemic-inflicted crisis. The lower industrial and economic activity this year has curbed demand for diesel more than demand for gasoline, industry executives and analysts told Bloomberg. Diesel consumption in India is still twice as much as gasoline, but the weaker economy during the national lockdown and the local lockdowns afterward, as well as the monsoon…