India’s Petroleum Product Exports Rise 8% in July

Official data reveals a significant increase in diesel and refined fuel shipments abroad, with total petroleum exports reaching 5.5 million tonnes.

27 Aug, 21:03 — 27 Aug, 21:03

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Times of IndiaMostly Factual4d ago

India’s petroleum products’ exports surge 8% in July

Govt data showed India exported 2.4 million tonnes (MT) of diesel in July this year, up from 2.2 MT in the corresponding month last year, while total petroleum product exports rose from 5 MT to 5.5 MT. Diesel is currently commanding nearly 70% premium over crude, making exports lucrative for refiners despite the windfall gains tax govt brought in to ensure adequate domestic stocks.

By ATUL MATHUR

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India’s Petroleum Product Exports Rise 8% in July

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India’s petroleum products’ exports surge 8% in July

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