Nayara Energy exports 80% of fuel to Asia, Africa; none to EU: Official

Nayara Energy, India’s second-largest private oil refinery, exported over 80 per cent of all its fuel exports to Asia, the Middle East and Africa during the first seven months of the current fiscal, with only minuscule volumes going to the UK and none to the EU, a company official said.

Nayara, which operates a 20 million tonnes a year oil refinery at Vadinar in Gujarat, exported 4.46 million tonnes of petroleum products including diesel, jet fuel and gasoline from April 2022 to October 2022, a company spokesperson said.

The bulk of the fuel it produces at Vadinar is used for sale through its 6,648 petrol pumps – the largest network by any private company – in the country and institutional sales.