The decline was 3% compared to the previous month.
India had exported 1.33 million barrels per day (mbpd) of petroleum products in October this year and 1.47 mbpd in November last year.
Asia remained the top destination for India's exports with a month-on-month increase of 28%, while supplies to Europe declined by 62% to 87,764 barrels per day, the lowest in two years, as the diesel arbitrage between the East and the West narrowed, according to Vortexa.
India exported 510,572 barrels per day of petroleum products to Asia last month, up from 399,318 barrels per day in October.
"The top destinations for India's product exports are the UAE, Singapore, US, South Korea and Australia," said Xavier Tang, market analyst at Vortexa.
This story is from the December 04, 2024 edition of Financial Express Chennai.
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This story is from the December 04, 2024 edition of Financial Express Chennai.
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