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Diesel Drives India's Fuel Export Windfall as Earnings Reach $12.6 Billion
Soaring diesel and gasoline prices hiked the value of India’s fuel exports by 50% between April and September, while the world was grappling with the worst of the Middle East crisis so far. India earned 2.59 trillion Indian rupees, or $27.2 billion, from fuel exports in the six months to September, per oil ministry data cited by The Economic Times. The surge in rupee terms was 50% compared to the same period last year, also driven by the weakening Indian currency against the U.S. dollar. The value of diesel, gasoline, and other fuel exports…
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