With domestic demand for fuels and other petroleum products witnessing a slump due to the monsoon rains, India’s refined products exports has witnessed an uptick, helping the country’s refiners keep refinery runs high at a time when refining margins are robust globally, shows an analysis of data shared by commodity market analytics and intelligence firm Kpler.
The cumulative clean product exports from India in August have so far been the highest since May 2022, with jet fuel exports at a historic high. In oil industry parlance, clean products refer to the class of petroleum products that are uncontaminated and not previously used in any application. Most major crude oil-based fuels like diesel, petrol, jet fuel, kerosene, and naphtha are categorised as clean products. Dirty refined products refer to the likes of fuel oil, low sulphur waxy residue, and carbon black feedstock.