India's diesel exports hit 13-month high amid Iran war: How refiners are cashing in on supply disruptions
New Delhi, Oct. 30 -- India's diesel exports reportedly surged to a 13-month high in October as domestic refiners capitalised on tightening global fuel supplies and elevated international prices amid disruptions caused by the West Asia conflict and the Russia-Ukraine war.
Preliminary vessel-tracking data from commodity analytics firm Kpler, cited by The Indian Express, showed that India exported an average of 0.71 million barrels per day (bpd) of diesel between October 1 and 29. This marked a 19.6% increase over September and an 8.1% rise compared with the corresponding period last year.
The jump in shipments comes at a time when disruptions to energy supplies from West Asia and a sharp reduction in Russian fuel exports have tightened t...
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