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Date: 17/10/2024

India’s export of petroleum dips by 2 pc in April-August 
India’s exports of petroleum products in the first five months of 2024-25 declined by 2% on year to 6.2 million barrels/day in the April-August period of 2023-24, as per data from energy cargo tracking firm Vortexa. In August, however, the total export of petroleum products increased by 5% to 1.30 million barrels per day compared with 1.24 million barrels per day registered in the previous month. The country’s top destinations for exports in August were Southeast Asia, northwest Europe, and the Middle East. Exports to Europe declined by 8% last month to 217,714 barrels per day and supplies to southeast Asia slumped by 32.4% to 182,744 barrels per day compared to the previous month. Exports to the Middle East also decreased by 10% to 185,087 in August. India primarily supplies petroleum products to countries in Europe and Asia, as per a report.
 
Source: Exim News Service: mumbai, Oct. 16



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