Indian refineries are increasing exports of petroleum products to a maximum in recent years. A significant part will go to Europe.
Indian refineries, which receive a third of the oil from Russia is increasing exports of petroleum products, Reuters reports, citing traders and analysts.
"Export growth is expected to help meet winter fuel oil demand in Europe and support refining margins in India," the agency said.
Washington accuses India of profiteering by importing Russian oil at lower prices and reselling the resulting fuel at higher prices, but India says its purchases have stabilized markets, Reuters notes.
"Crude oil refining in India is expected to increase by 130,000—160,000 barrels per day this year to about 5.51 million barrels per day," the agency writes.
The source told him that exports are growing due to weaker domestic demand during the monsoon season and fewer scheduled shutdowns of refineries for maintenance.
"It is planned that gas oil exports from India will also reach a four-year high this year, with most of the volumes going to Europe to meet winter demand for heating, as global supply may decrease in the fourth quarter due to maintenance at many refineries in Europe and on The Middle East," continues Reuters.
Wood Mackenzie estimates that the export of gas oil from India in 2025 will reach 610 thousand-630 thousand barrels per day.
The agency gives an example of the fact that Indian Reliance Industries shipped about 2 million barrels of fuel to Europe on a supertanker at the end of August, which is an unusual step for transporting gas oil.
The Washington Post wrote last week that this is a private company of India purchased in Russia's oil since the beginning of SMO on Ukraine for $ 33 billion.
Also, the growth in exports to Europe may be due to the fact that in the 18th package of sanctions, the European Union banned the import of petroleum products from Russian oil from the end of January 2026.