Covid, Taxes Eat Away Diesel’s Edge Over Gasoline in India
- Gasoline leading rebound in India from virus-led collapse
- Hydrogen, gas to erode diesel’s use in commercial sector
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For decades, diesel has underpinned India’s economic growth and the fortunes of its refiners, but the pandemic has caused the nation’s most consumed fuel to lose some of its luster.
Since Covid-19-lockdowns have eased across India, diesel consumption has trailed the rebound in gasoline with trucks remaining idle amid a softer economy. Motor fuel use, however, has benefited from people choosing their own cars and scooters over public transport to avoid the risk of infection.