India Cuts Fuel Exports to 878,000 Barrels a Day as Iran War Shock Lifts Domestic Demand
Updated
Updated · Bloomberg · Jun 2
India Cuts Fuel Exports to 878,000 Barrels a Day as Iran War Shock Lifts Domestic Demand
3 articles · Updated · Bloomberg · Jun 2
878,000 barrels a day of diesel, gasoline and jet fuel left India in May, the lowest monthly export rate since October 2022 and 31% below a year earlier.
Domestic supply needs drove the drop as India prioritized local fuel availability during the Iran war shock, while refinery maintenance further limited exportable volumes.
The slump shows how geopolitical disruption and plant outages can quickly redirect Indian refined products away from overseas buyers and toward the home market.