Why India's diesel demand is contracting, and what it means
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MUMBAI (Reuters) - India's demand for diesel is slowing as the country's car fleet shifts predominantly to gasoline, trucks get more efficient and solar pumps displace diesel-fed units across the countryside. The combination of these changes has led analysts, academics and company officials to speculate that diesel demand growth in the world's third-largest crude oil consumer may have peaked, with significant repercussions for the firms that produce and sell the fuel. WHY HAS DIESEL DEMAND..