India’s diesel exports are expected to rise sharply from 2027, strengthening the country’s position in global refined fuel markets as state-run oil companies expand their refining capacity, industry officials said on Tuesday, as reported by Reuters.
\n\nThe increase is likely to bolster India’s role as a swing supplier of refined petroleum products, allowing it to respond to shifts in global demand and supply. International fuel markets have faced disruptions due to the US-Iran and Russia-Ukraine conflicts, which have affected trade flows and pushed up freight rates worldwide.
\n\nIn 2027, Indian state refiners will together increase their diesel production capacity by 16.5 million tons as they boost capacity of existing refineries, officials said.
\n\nAs per the Reuters report, Hindustan Petroleum Corp's new 9-million-tpy refinery in the western state of Rajasthan will turn out 3 million tpy of diesel next year, once the refinery stabilises, said Chairman Vikas Kaushal.
\n\nFurther, Bharat Petroleum Corp plans to produce 1.5 million tpy extra diesel from next year, its chairman, Sanjay Khanna, said. Oil India's subsidiary Numaligarh refinery in the eastern region, which will be expanded to 9 million tpy in March next year, will add 3 million tpy of diesel production, the report said.
\n\nMinister…
Original source: https://www.timesnownews.com/business-economy
