Business · Energy & Commodities · 2 hrs ago
India's fuel export earnings rose nearly 50% despite lower volumes
India's petroleum export earnings rose nearly 50% in rupee terms in the six months to September, reaching ₹2.59 lakh crore.
The increase came despite a 16% drop in export volumes, as international fuel prices climbed and the rupee weakened against the US dollar.
Diesel contributed most to the rise, with its export earnings up 58% in rupee terms even though shipments fell 19%.
Higher domestic demand left refiners with less fuel to export as consumption of diesel and petrol grew while production edged down.
Diesel and petrol together made up nearly 70% of India's petroleum export earnings.
India imports most of the crude oil it uses, so export income returns some dollars spent on fuel imports; the figures cover April to September, and no further change is specified.
India’s petroleum product export earnings rose nearly 50% in rupee terms in April-September, reaching ₹2.59 lakh crore.
The increase came despite a 16% decline in export volumes.
Higher international fuel prices and a weaker rupee boosted the value of exports.
Diesel export earnings rose 58% in rupee terms, while petrol export earnings increased 21%.
Strong domestic fuel demand and nearly flat or lower production left refiners with less fuel to export.
- Who
- Indian petroleum product exporters, including Reliance Industries, Nayara Energy and MRPL.
- What
- Export earnings rose nearly 50% in rupee terms despite a 16% fall in shipment volume.
- When
- April-September; the article was published on 27 October 2026.
- Where
- India.
- Why
- Higher international fuel prices and a weaker rupee increased export returns, while domestic demand and production trends reduced export volumes.
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- Total earnings
- ₹2.59 lakh crore in rupee terms
- Earnings growth
- Nearly 50% year on year in rupee terms
- Export volume
- Down 16%
- Diesel earnings
- About ₹1.2 lakh crore, up 58% in rupee terms
- Petrol earnings
- ₹58,000 crore, up 21% in rupee terms
- Rupee exchange rate
- Averaged 95.17 per dollar, compared with 86.44 a year earlier