New Delhi: More than 80% of India’s diesel exports in May headed to Africa as demand from Asia and Europe weakened and geopolitical tensions reshaped global diesel trade flows.
India exported 394,000 barrels per day (bpd) of diesel in May, compared with 376,000 bpd in April and 399,000 bpd in February, according to energy cargo tracker Kpler. About 327,000 bpd, or 83% of total exports, went to Africa in May, against 32% in April and 64% in February. No diesel was exported to Europe, while shipments to Asia fell 76% to 40,000 bpd in May.
