India's diesel sales stagnated at 7.64 million tons in October, the slowest growth since 2020.

India's diesel market is experiencing a significant slowdown, with sales flat at 7.64 million tons in October compared to the previous year, marking the slowest growth since 2020. This decline is attributed to weaker demand in China and Europe and changes in consumption patterns, as consumers shift towards gasoline, which saw an 8.4% increase. While diesel demand is projected to rise by 2.2% this year, the overall economic health remains crucial for future growth.

November 05, 2024
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