India’s exports of gasoline and diesel are expected to slow in the coming months after the nation implemented a windfall tax and shipping cap to ensure sufficient domestic supply, according to a note from FGE.
- The industry consultant revised down its export forecast for gasoline by 50k b/d for the remainder of the year, and trimmed its estimate for diesel by 90k b/d, according to the note dated July 5
- Over the 1H of 2022, gasoline and diesel exports were 60k b/d and 75k b/d higher on average y/y, respectively
- The
shipping cap is less of a constraint to most ...