India to continue prompt fuel exports for at least two more weeks

The Economic Times | Apr 7, 2020 at 6:46 PM
  • Indian refiners are likely to continue prompt export of refined fuels for at least another two weeks to avoid a complete shutdown after the coronavirus lockdown hit local demand.
  • Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp control about 90% of fuel pumps in India, where falling fuel consumption has deepened crude refining cuts by state refiners.
  • Indian state refiners rarely export gasoil and HPCL and Mangalore Refinery and Petrochemicals Ltd sporadically export gasoline.