What is the forecasted daily export volume of light and middle distillates from India in July, and how does it compare to May's level?

According to Kpler's data cited in the news, India's July exports of light and middle distillates are forecasted to reach 1.55 million barrels per day — nearly double May's export volume of 866,000 barrels per day. This July figure ranks as the second-highest in Kpler's dataset since 2017.

What key factor is driving the surge in India's refined product exports in July?

The primary driver behind the surge is a significant improvement in refining margins, spurred by tightening regional fuel supply and the recent collapse of the U.S.-Iran ceasefire agreement, which reignited upward pressure on global refining profitability and prompted Indian refiners to ramp up exports for higher returns.

India July Refined Product Exports Forecast to Surge

Jul 28, 2026

Kpler forecasts India's July refined product exports to hit 1.55 million barrels per day, doubling May volumes amidst rising refining margins and Middle East tensions. The increase may ease Asian fuel supply constraints despite concurrent shipping delays affecting regional crude inflows.

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India July Refined Product Exports Forecast to Surge

India July Refined Product Exports Forecast to Surge

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