Indian refiners are shifting their diesel exports from Europe and Asia to Africa and Australia due to over-supply and competitive pressure in Europe. In July, diesel exports to Europe and Asia fell by 18% and 21%, respectively, while exports to Africa and Australia increased by 83% and 28%. Overall diesel exports from India rose by 7% to 533,000 barrels per day.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.