Business

India’s Petroleum Product Exports Rise To One-Year High In September

India’s petroleum product exports surged to 2.2 million barrels per day (mbd) in September, up from 2.1 mbd in August, reaching a one-year high, according to data from Kpler. On an annual basis, exports fell 4% from 2.3 mbd last September.

Strong demand from key global markets boosted India’s refined oil shipments. Exports to the UAE rose 44% to 201,000 bpd, while shipments to the Netherlands jumped 296% to 131,000 bpd. Exports to Brazil increased to 98,000 bpd from 40,000 bpd in August.

Sumit Ritolia, lead research analyst at Kpler, said, “European buyers may accelerate purchases of Indian gasoil and jet fuel through Q4, anticipating January 2026 sanctions, while Middle Eastern refinery maintenance echoes the stockpiling trend seen ahead of the February 2023 EU ban on Russian products.”

Kpler noted that Russian refinery outages and export restrictions (partial diesel ban, gasoline ban extensions) limited product outflows in late September, creating opportunities for Indian refiners. Ritolia added, “India is stepping up its exports to Latin America, which is emerging as a prominent market for Indian refiners.”

Private Refineries Lead Exports

India’s privately owned refineries exported 1.3 mbd of refined petroleum products in September. Reliance Industries’ Jamnagar refinery exported 1.2 mbd, up 12% from August. Nayara Energy’s Vadinar refinery exported 134,000 bpd, down from 149,000 bpd due to ongoing international sanctions.

According to the Petroleum Planning and Analysis Cell, India’s petroleum product exports fell 13% to $15.8 billion during April–August FY26. Domestic consumption remained muted at 99.7 million tonnes in the first five months. For FY26, India projects a record domestic petroleum demand of 252.9 million tonnes.

Also Read: India’s Coffee Exports Rise 15% In April-September FY26

Purnima Mishra

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