Petroleum products exports down 22% on month in April

INDIA'S EXPORT OF petroleum products in April declined by 22% to 1.12 million barrels per day (bpd) from 1.44 million bpd in March, according to data from global real-time data and analytics provider Kpler.

- ARUNIMA BHARADWAJ

On a year-on-year basis, exports were down over 7% from 1.20 million bpd in April 2024.

The United Arab Emirates, Singapore, and the Netherlands remained the top destinations for India's petroleum product exports last month. However, shipments to all three countries saw a decline in April.

Exports to the UAE dropped by 33% to 114,000 bpd from 170,000 bpd in March. Similarly, exports to Singapore fell 17% to 107,000 bpd, while those to the Netherlands edged down 4% to 120,000 bpd over the same period.