Demand for diesel in India has plummeted because of trucks being allowed to carry larger loads, the increased availability of electricity leading to few generators, a lethargic economy and shift by buyers towards petrol vehicles. The falling demand has resulted in Bharat Petroleum making the unusual decision to export 2.83 billion litres of diesel a month until March. Diesel consumption makes up 40% of total oil demand in India; however, it grew only 1.4% in H1 2019.
Demand for diesel in India has plummeted because of trucks being allowed to carry larger loads, the increased availability of electricity leading to few generators, a lethargic economy and shift by buyers towards petrol vehicles. The falling demand has resulted in Bharat Petroleum making the unusual decision to export 200,000 tonnes of diesel a month until March. Diesel consumption makes up 40% of total oil demand in India; however, it grew only 1.4% in H1 2019.