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India’s Product Exports Drop To Lowest Since February

Oil

India’s clean product exports (including diesel, gasoline, naphtha and jet fuel) in May decreased by 64K b/d m-o-m to a 3-month low of 1.16M b/d, data from PPAC shows. Gasoline exports were the only product to buck the trend, rising by 70K b/d from April to a 2-month high of 377K b/d. However, compared to the  same month in 2016, total clean product exports were still up by 77K b/d. Over the first 5 months of 2017, total exports have averaged 1.22M b/d, down by 38K b/d y-o-y.