Increased competition from China, South Korea! India's diesel exports to Asia slump 63%

India's diesel exports to Asia plummeted by 63% in March due to tough competition from Chinese and South Korean suppliers, affecting profit margins. Export volumes to Asia ranged from 11,000 to 189,000 bpd, with an average of 92,000 bpd in 2023-24. In contrast, diesel exports to Europe increased by 6.5% to 214,000 bpd.