Economy

Add as a preferred source on Google

India’s Petroleum Export Value Rises 51% in Rupees as Shipments Fall

Re-exports are included in the Commerce Ministry’s figures. The Economic Times reported a 16% year-on-year drop in shipment volume.

Updated 1 min read
A tanker is loaded with petroleum products at an export terminal in Jamnagar, India. (AI-generated image / EconoTimes)
A tanker is loaded with petroleum products at an export terminal in Jamnagar, India. (AI-generated image / EconoTimes)

India’s petroleum-product exports reached ₹3.92 trillion ($41.19 billion) in April-September FY 2026-27, up 51.05% in rupees and 37.11% in dollars year on year, Commerce Ministry quick estimates show. The figures include re-exports.

Export volume moved in the opposite direction. The Economic Times reported a 16% year-on-year fall in shipments for the six-month period, citing data from the Ministry of Petroleum and Natural Gas.

The Economic Times attributed the increase in rupee receipts to higher international fuel prices and a weaker rupee. It reported that the currency averaged ₹95.17 per U.S. dollar in April-September, compared with ₹86.44 a year earlier, while regional diesel and petrol benchmarks rose 83% and 54%, respectively. The Commerce Ministry’s trade tables show the export-value increases but do not separate the effects of prices and exchange rates.

Domestic demand for both fuels increased over the same period. Provisional PPAC data reported by The Times of India showed petrol consumption rose 7% to 22.6 million tonnes and diesel consumption increased 4.8% to 47.9 million tonnes in April-September.

The Economic Times also reported that petrol and diesel production fell 0.8% and 0.3%, respectively.

Related articles

View all