The Government is set to deregulate the price of diesel in the next 10 months. This means that diesel will be dearer by Rs 10 (approx) which will come to Rs 73 for a liter in Mumbai. Inflation and rise in prices of commodities aside, will it still make sense to buy diesel car over its petrol counterpart? Will the Indian automotive market see a shift towards petrol cars again?
How will the market change once diesel is deregulated?