India's fuel exports fall to lowest since 2022 amid refinery maintenance, domestic demand
AI Summary
India's fuel exports have plummeted to their lowest level since 2022, primarily due to scheduled maintenance at Reliance Industries' Jamnagar refinery, which is a major player in the refined fuels market. This drop is also influenced by increased domestic demand as the economy recovers from the pandemic. The reduced exports could impact India's trade balance and its ability to generate foreign exchange, highlighting the intricate balance between domestic needs and international trade.
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