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INDIAN (B)

Diesel demand set for detour as drivers switch to gasoline

70190147.cms



India’s strong diesel demand growth is decoupling from the car market as motorists increasingly turn to gasoline vehicles. A slowdown in demand growth in India — one of Asia’s biggest diesel guzzlers — could add to a persistent glut of diesel in the region, fuelled in part by strong exports from China, and put pressure on regional refining profit margins.



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