Increase in India's Diesel Exports to Europe Driven by Margin Improvement

Tuesday, 9 July 2024, 17:40

India's diesel exports to Europe spiked significantly in June, reaching 119,400 barrels per day, a fourfold increase compared to May. This surge was primarily fueled by better profit margins in the European market. Despite the rise in exports to Europe, India's overall diesel exports experienced a slight dip of 4% to 482,400 barrels per day. Notably, Reliance Industries and Nayara Energy emerged as the top exporters, with earnings totaling $29 billion in 2022-23, although revenues dipped to $22 billion in FY24.

Economictimes — Increase in India's Diesel Exports to Europe Driven by Margin Improvement

Key Points:

• India's diesel exports to Europe increased by four times in June.

• The surge was motivated by improved profit margins in the European market.

Overall Impact:

India's diesel exports to Europe rose significantly,
Reliance Industries and Nayara Energy led the export market,
Exports of refined products decreased by 5%,
Revenue from diesel exports dropped to $22 billion in FY24.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Key Points:

Overall Impact:

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