India’s clean oil-product exports surged to their highest level since March 2022, driven by refinery shutdowns in Europe that increased demand from overseas buyers, including African nations.

In September, shipments of diesel, gasoline, and jet fuel from India — the world’s fourth-largest refiner — rose to 1.5 million barrels per day, a 39% year-on-year increase, according to Kpler data.

Although India is a major crude oil importer, with its refineries primarily catering to domestic consumption, private processors also meet significant international demand. Last month, European refiners reduced output due to maintenance and weak profit margins, curbing local supplies and affecting exports to Africa.

India’s clean oil-product exports surged to their highest level since March 2022, driven by refinery shutdowns in Europe that increased demand from overseas buyers, including African nations.

In September, shipments of diesel, gasoline, and jet fuel from India — the world’s fourth-largest refiner — rose to 1.5 million barrels per day, a 39% year-on-year increase, according to Kepler data.

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Although India is a major crude oil importer, with its refineries primarily catering to domestic consumption, private processors also meet significant international demand. Last month, European refiners reduced output due to maintenance and weak profit margins, curbing local supplies and affecting exports to Africa.

“The open diesel arbitrage to Europe has been driven by lower supplies due to the region’s planned and unplanned refinery maintenance,” said Serena Huang, head of APAC analysis at Vortexa.

Among flows from India, product exports to Africa hit a record 380,000 barrels a day, according to Kepler data.

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