Topic
fuel exports
India's fuel exports hit 1-year high in July on strong diesel margins
India's refined fuel exports hit a one-year high of 1.53 million barrels per day in July, 27% above the preceding 12-month average, according to Kpler. Strong diesel margins, Russia's diesel export ban and ample crude supplies during the brief Iran-US truce drove the surge. Reliance Industries accounts for about three-quarters of exports, with Nayara Energy also shipping fuel to Russia.
India's Fuel Exports Hit Lowest Since 2022 Amid Maintenance
India's fuel exports have decreased to their lowest levels since October 2022, driven by refinery maintenance and increased domestic demand. Reliance Industries' Jamnagar complex played a significant role in this decline.
India Reduces Excise Duty on Fuel Exports Effective June 1
India has reduced the special additional excise duty on fuel exports, effective June 1. The duty on petrol, diesel, and aviation turbine fuel has been lowered to enhance trade competitiveness.