India Limits Fuel Exports ...Middle East

OILPRICE - Economy
India Limits Fuel Exports
source : OILPRICE ( Middle East ) () 33
India has stepped up efforts to ensure sufficient energy supplies for the domestic market by imposing limits on fuel exports by introducing export duties. This will hit the profits of refiners such as Reliance Industries, Nayara Energy, and ONGC, Reuters has reported. Indian refiners have been on a discounted Russian oil buying spree. They have been then exporting this cheap oil in the form of fuels, taking advantage of tight fuel supplies broad but effectively undermining the security of domestic supply. Indian imports of Russian oil rose to a…

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