March 16, 2017 / 6:51 AM / 5 months ago

BUZZ-India's oil demand growth to slow in 2017 - Woodmac

** India's oil demand growth will slow to 200,000 barrels per day in 2017 from the growth of 290,000 bpd in 2016 due to an expected rise in retail fuel prices and a slowdown in rural economic growth, analysts from Wood Mackenzie say

** India's diesel demand growth will slow to 30,000 bpd in 2017 from 80,000 bpd in 2016, says Suresh Sivanandam, Woodmac's senior research manager of Asia refining

** India's diesel demand growth in 2016 was the highest since 2012, he says

** Gasoline demand growth will slow to 40,000 bpd in 2017 from 2016's growth of 60,000 bpd for the motor fuel

** India's gasoline demand growth in 2016 was the second highest in this century after a record rise in 2015, he adds

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