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India's fuel exports fall to lowest since 2022 amid refinery maintenance, domestic demand
India's refined fuel exports dropped significantly in May, reaching their lowest point since October 2022. Refinery maintenance, particularly at Reliance Industries' Jamnagar complex, reduced processing. Refiners also prioritized domestic demand for LPG, cutting petrol and diesel output for export. Favorable domestic sales and taxes on exports further influenced this trend. India's refined product trade is adapting to these changing dynamics.
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economictimes.indiatimes.com
Fuel duty cuts can power export hike - The Economic Times
India's fuel exports are set to rise following export duty cuts. This move aims to restore shipments to Europe and West Asia. High crude oil prices and a weaker rupee will aid…
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India's fuel exports plunge in May as domestic demand takes priority
India's fuel exports saw a significant drop in May, reaching their lowest point in almost four years. This decline was driven by efforts to secure domestic fuel supplies amid…
