Diesel Price Trend, Chart, Index & Forecast Analysis 2024
The diesel market is primarily driven by the transportation sector's robust demand, particularly in heavy-duty vehicles such as trucks, buses, and ships. Diesel engines are favored for their higher energy efficiency and torque compared to gasoline engines, making them ideal for long-haul and heavy-load applications. Additionally, the expanding industrial activities, including construction, mining, and agriculture, which significantly contribute to diesel consumption, as diesel-powered machinery is integral to these sectors, is boosting the market growth.
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