SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

India's Petroleum Product Exports Rise 8% in July, Diesel Leads Surge

0
·1 views

India's total petroleum product exports grew from 5 million tonnes (MT) to 5.5 MT in July 2023 compared to the same month last year, according to government data. Diesel exports specifically climbed from 2.2 MT to 2.4 MT over the same period. The strong export performance is driven by diesel currently fetching a premium of nearly 70% over crude oil prices, making overseas sales highly profitable for Indian refiners. Despite the government imposing a windfall gains tax to safeguard domestic fuel supplies, refiners have continued to find exports financially attractive. The data highlights India's growing role as a significant exporter of refined petroleum products in the global market.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

Sensex crashes 2,200 points then recovers 2,000 in under 15 minutes

Indian stock markets witnessed extreme volatility on Thursday during the Closing Auction Session on BSE. The Sensex plunged more than 2,200 points in just five minutes between 3:18 PM and 3:23 PM before staging a near-full recovery of around 2,000 points in the following seven minutes. Despite the dramatic swings, the index ultimately closed at 76,934 points, a decline of 539 points from the previous day's close. The NSE saw comparatively milder turbulence, with the Nifty slipping over 100 points during a similar four-minute window.

0 comments Read more at Times of India
0
IndiaTimes of India ·

HDFC to Challenge Near-Total Haircut on Claims Against Zee's Subhash Chandra

HDFC is planning to appeal against a resolution plan that effectively wipes out 99.97% of creditor claims against Zee Entertainment founder Subhash Chandra. A majority of assenting creditors (80.8%) supported the Rs 6.5 crore settlement plan, arguing it was a better outcome than pushing Chandra into personal bankruptcy. The resolution professional assessed Chandra's net worth at just Rs 31.8 crore, with Rs 25 crore of that tied up in his mortgaged home. Chandra has contested the Rs 22,000 crore liability, saying it was based on historical claims filed in 2022.

0 comments Read more at Times of India