Indian refiners' fuel exports to the West jump 43% as they keep processing Russian crude
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian refiners increased fuel exports to Western nations by 43 percent in September, reaching 1 billion euros.
- ✓While India’s imports of Russian crude fell by 13 percent that month, refineries continued processing the oil.
- ✓Reliance Industries’ Jamnagar plant supplied most of the cargoes sent to European ports and the US.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
In September, Indian and other refineries exported 1 billion euros' worth of oil products made from Russian crude. This marked a 43 percent increase from August, highlighting growing trade. Refineries in India, Turkiye, and Brunei facilitated these exports, with India being a leading buyer of Russian fossil fuels. Notably, India's imports of Russian crude fell by 13 percent during the same month.
New Delhi: Refineries in India and two other countries that run on Russian crude shipped 1 billion euros (USD 1.2 billion) of oil products to sanctioning countries in September, up 43 per cent from August, according to the Centre for Research on Energy and Clean Air (CREA).
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Economic Times
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