India’s exports of refined petroleum products drop to about 930,000 barrels per day (bpd) in May, the lowest level since October 2022, according to data compiled by Kpler and reported by multiple outlets. The decline is attributed to a mix of refinery and market factors that reduce the volume available for overseas shipments while domestic demand remains firm. Sources say lower refinery throughput and planned maintenance constrain production and export readiness. In particular, maintenance at Reliance Industries’ Jamnagar refining complex—India’s largest refinery and a major supplier of refined fuels for export—reduces crude processing rates and limits export availability. Beyond maintenance, outlets point to changes in production priorities and a greater “pivot” toward supplying the domestic market, which further curtails exports. Overall, exports in May fall to levels last seen in October 2022, when shipments averaged around 926,000 bpd.
India’s refined fuel exports fall to lowest level since 2022
India’s exports of refined petroleum products drop to about 930,000 barrels per day (bpd) in May, the lowest level since October 2022, according to data compiled by Kpler and reported by multiple outl...
- India’s refined fuel exports fall to about 930,000 bpd in May, lowest since October 2022.
- The decline is linked to lower refinery throughput and planned maintenance.
- Reliance Industries’ Jamnagar refining complex undergoes maintenance, reducing crude processing rates.
- Sources cite a shift toward prioritising domestic supply alongside reduced export availability.
- The reported figures come from analysis of export and refining data compiled by Kpler.
A key factor behind the decline was planned maintenance at Reliance Industries' Jamnagar refining complex, India's largest refinery and a major exporter of refined fuels
2 months agoIndia's exports of refined petroleum products fell to about 930,000 barrels per day (bpd) in May, their lowest level since October 2022, as refinery maintenance, changing production priorities and stronger domestic demand curtailed overseas shipments. Exports declined to around 930,000 bpd, down to levels last seen when shipments averaged 926,000 bpd in October 2022, reflecting a combination of lower refinery throughput and a growing focus on supplying the domestic market, according to data analytics firm Kpler. "This sharp cutback was driven by a combination of lower refinery throughput, maintenance activity, and a structural pivot toward the domestic market," said Sumit Ritolia, model and refining manager at Kpler. A key factor behind the decline was planned maintenance at Reliance Industries' Jamnagar refining complex, India's largest refinery and a major exporter of refined fuels. The maintenance programme reduced crude processing rates and limited the availability of export ...
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