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Dip in international oil prices hits Indian petroleum product exports
Subdued international oil prices have depressed India’s per unit realisation of petroleum product exports that plunged over two-and-a-half times to $312.50 per tonne in the first half of 2024-25 from around $792 a tonne in H1 of 2023-24 despite a robust jump in volume-wise shipments, according to official data.
Poor realisation through exports of refined petroleum products has been a major drag for India’s overall export performance, an official said requesting anonymity.
“This is not because of the demand contraction as India’s petroleum product exports jumped significantly in volume terms during this period,” the official added.
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