India's Fuel Exports Surge in August on Strong Refining Margins and Quotas

Diesel exports in August up 51.5% year-on-year; nearly tripled so far in 2023 vs 2022
Gasoline exports up 23.7% in August compared to August 2021
Jet fuel exports jumped 98.1% in August versus last year
Strong regional refining margins driving exports amid muted domestic demand
China issued new batch of fuel export quotas in September to sustain exports

reuters.com

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Posted 9/18/2023, 7:04:00 AM