India's fuel demand outlook worsens due to price hikes and slowing industrial activity, impacting gasoline and diesel consumption growth.
State fuel retailers raised prices (+7.8% gasoline, +8.6% diesel), cutting 2026 demand forecasts to 3.5% and 2% from 4% and 2.5%. Freight rates fell 13-15%, signaling industrial slowdown impacting logistics and supply chain sourcing for tech teams globally.
India is expected to see less growth in gasoline and diesel demand this year after a
series of price hikes last month that reflect higher oil costs
triggered by the Iran war, with early signs of stress already
visible in the trucking sector.State retailers Indian Oil, Bharat Petroleum
and Hindustan Petroleum implemented four
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