Petroleum products exports down 21% in October

India’s export of petroleum products declined by 21% to 1.25 million barrels per day in October from 1.58 mbd in September, as per data from Kpler. On an annual basis, the exports however increased by 2.4% from 1.22 mbd in October 2024.

UAE, Netherlands, and Singapore emerged as the top destinations for the country’s refined oil products. Exports to the UAE declined 27% to 132,000 bpd last month, while exports to Netherland increased by as much as 255% to 156,000 bpd from 44,000 bpd in September. Exports to Singapore also surged 81% to 113,000 bpd last month.