New Delhi: Record difference between the price of crude oil and refined diesel amid the Iran war pushed India to increase diesel exports 20 per cent month-on-month in March, even as overall refined product exports fell 8 per cent, according to shipping data.India exported 12.90 million barrels of diesel during the March 1-28 period, up from 10.74 million barrels in February, showed data from ship tracking firm Kpler. "Higher diesel export volumes are likely supported by improved economics for middle distillate production. The numbers may increase once end-of-month data revisions incorporate fuller shipping details, as exports under the 'clean products' category have surged 40 per cent to 1.11 million barrels. Exports of naphtha fell 44 per cent to 2.93 million barrels. India's overall refined product exports declined to 31 million barrels this month from 33.67 million barrels in February.

Source: Economic Times March 31, 2026 03:51 UTC