Petroleum product exports down 9% in Apr-Oct

INDIA'S EXPORTS OF petroleum products fell 8.6% year-on-year to $23.2 billion during April-October of FY26, down from $25.4 billion in the same period last year, according to data from the Petroleum Planning and Analysis Cell (PPAC).

- ARUNIMA BHARADWAJ

In volume terms, however, exports remained largely unchanged at 37 million tonne during the period.

Imports of refined oil products stood at $13.9 billion during the seven-month period, against $13.8 billion in April-October of FY25.

The country imported 29.8 million tonne of petroleum products, up 1% from the same period of last fiscal.

According to Kpler, India’s export of petroleum products declined by 21% to 1.25 million barrels per day in October from 1.58 mbd in September.

On an annual basis, the exports, however, increased by 2.4% from 1.22 mbd in October 2024.

UAE, Netherlands, and Singapore emerged as the top destinations for the country’s refined oil products.