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Europe winter, Russia damage to lift petro-products demand
Mint Hyderabad
|October 31, 2025
continue in months ahead.
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"These (Russian) refineries would require a few months to completely revive operations, which would mean demand via imports may sustain. Export demand till the next quarter seems strong,” said Prashant Vasisht, senior vice president and co-group head of corporate ratings at Icra Ltd. Demand from Russia is also expected to go up, he said.
Private entities like Reliance Industries Ltd and Russian-owned Nayara Energy are the major exporters of petroleum products in India. Reliance operates the world's biggest refining complex at Gujarat's Jamnagar. Queries mailed to both companies remained unanswered till presstime. Public sector refiners export relatively minor quantities of refined products.
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