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India's Diesel Exports Surge Amid Middle East Tensions

3/31/2026

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Summary

Story summary

India's diesel exports to Southeast Asia rose to about 1 million tons in March, the highest in more than seven years.
The rise followed traders adjusting supplies amid tensions from the US-Israel war with Iran, disrupting Middle Eastern crude.
Reliance Industries shipped about 90% of the volume, mostly to Singapore.
Despite the diesel export taxes reintroduction, analysts expect the trend to continue in the short term.

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Story summary

India's diesel exports to Southeast Asia rose to about 1 million tons in March, the highest in more than seven years.
The rise followed traders adjusting supplies amid tensions from the US-Israel war with Iran, disrupting Middle Eastern crude.
Reliance Industries shipped about 90% of the volume, mostly to Singapore.
Despite the diesel export taxes reintroduction, analysts expect the trend to continue in the short term.