{"id":1307821,"date":"2026-04-02T11:26:43","date_gmt":"2026-04-02T05:56:43","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1307821"},"modified":"2026-04-02T11:27:16","modified_gmt":"2026-04-02T05:57:16","slug":"diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/","title":{"rendered":"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil"},"content":{"rendered":"\n

This March marked a surge of India’s diesel exports to Southeast Asia and reached the highest in more than seven years. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The traders appear to have pivoted supply to cover short positions and refiners cashed in on higher profits in Asia caused by the U.S.-Israeli war with Iran as per the shipping data<\/a>.<\/p>\n\n\n\n

Indian Diesel Exports Hitting 7-Year High<\/strong> <\/p>\n\n\n\n

In addition to this, the recent surge in exports could also boost spot sale margins for Indian refiners who have purchased large volumes of prompt Russian crude to replace Middle East supply disrupted by the war.<\/p>\n\n\n\n

The data from \u2060analytics firm Kpler and three trade sources shows that about 1 million metric tons (7.45 million barrels) of diesel have been shipped on this trade route, with almost half of the volumes bound for Singapore.<\/p>\n\n\n\n

Out of this, about 90% of these volumes were shipped by Reliance Industries, as per the Kpler data which is the operator of the world’s largest refining complex.<\/p>\n\n\n\n

After the rise of the Middle East conflict which disrupted crude supplies to Asia, the traders tapped India’s diesel supply for Southeast Asia and Australia.<\/p>\n\n\n\n

More Profits – Being A Swing Supplier<\/strong> <\/p>\n\n\n\n

This move is leading refineries to cut output and countries including China to ban exports of refined products.<\/p>\n\n\n\n

According to the analysts from consultancy FGE NexantECA, “Asian buyers that usually rely on Chinese and northeast Asia must seek alternative supply, with India’s Reliance being one of the main candidates in the region.” <\/p>\n\n\n\n

When it comes to India, the country is known as a swing supplier \u200cin global \u2060oil markets as it can sell its refined products either to Europe or Asia, whichever is more profitable.<\/p>\n\n\n\n

Moving ahead, the traders said that these shipments will help to ease supply tightness going into April.<\/p>\n\n\n\n

A few analysts expect the trend to last in the near term despite the Indian government reinstating export taxes for diesel.<\/p>\n\n\n\n

The arbitrage calculations suggested that the trade flow can continue into August \u2060at least said James Noel-Beswick, Sparta Commodities’ analyst.<\/p>\n\n\n\n

Further adding, “India appears firmly committed to keeping its refineries at capacity, and Washington’s rather permissive stance on both Russian and Iranian purchases has given it the means to do so.” <\/p>\n\n\n\n

In the meantime, the U.S. has issued temporary waivers for the sale of Russian and Iranian oil \u2060cargoes at sea to ease global prices.<\/p>\n\n\n\n

Now coming to the front month April east-west price spreads, the difference between Singapore paper swaps on a free on board basis and ICE gasoil futures. This has narrowed to an average discount of $20 a ton in the week \u2060of March 27, LSEG pricing data showed, with spreads trading at premiums for some sessions.<\/p>\n\n\n\n

Usually, traders deem a discount of less than $40 a ton as it is more favourable for them to pivot cargoes to east of Suez markets instead of west.<\/p>\n\n\n\n

Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This March marked a surge of India’s diesel exports to Southeast Asia and reached the highest in more than seven years.  The traders appear to have pivoted supply to cover short positions and refiners cashed in on higher profits in Asia caused by the U.S.-Israeli war with Iran as per the shipping data. Indian Diesel […]<\/p>\n","protected":false},"author":30,"featured_media":1307882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3505,5849],"class_list":["post-1307821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-diesel","tag-exports"],"acf":[],"yoast_head":"\nDiesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"This March marked a surge of India’s diesel exports to Southeast Asia and reached the highest in more than seven years.  The traders appear to have pivoted supply to cover short positions and refiners cashed in on higher profits in Asia caused by the U.S.-Israeli war with Iran as per the shipping data. Indian Diesel […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-02T05:56:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-02T05:57:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM-1024x639.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"639\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/\",\"url\":\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/\",\"name\":\"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM.png\",\"datePublished\":\"2026-04-02T05:56:43+00:00\",\"dateModified\":\"2026-04-02T05:57:16+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM.png\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM.png\",\"width\":1408,\"height\":878},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\",\"name\":\"Mohul Ghosh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"caption\":\"Mohul Ghosh\"},\"url\":\"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/","og_locale":"en_US","og_type":"article","og_title":"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"This March marked a surge of India’s diesel exports to Southeast Asia and reached the highest in more than seven years.  The traders appear to have pivoted supply to cover short positions and refiners cashed in on higher profits in Asia caused by the U.S.-Israeli war with Iran as per the shipping data. Indian Diesel […]","og_url":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2026-04-02T05:56:43+00:00","article_modified_time":"2026-04-02T05:57:16+00:00","og_image":[{"width":1024,"height":639,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM-1024x639.png","type":"image\/png"}],"author":"Mohul Ghosh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mohul Ghosh","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/","url":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/","name":"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM.png","datePublished":"2026-04-02T05:56:43+00:00","dateModified":"2026-04-02T05:57:16+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM.png","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM.png","width":1408,"height":878},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/diesel-export-from-india-to-se-asia-hits-7-year-high-thanks-to-russian-crude-oil\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"Diesel Export From India To SE Asia Hits 7-Year High, Thanks To Russian Crude Oil"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7","name":"Mohul Ghosh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","caption":"Mohul Ghosh"},"url":"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-02-at-11.25.30-AM.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1307821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1307821"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1307821\/revisions"}],"predecessor-version":[{"id":1307883,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1307821\/revisions\/1307883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1307882"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1307821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1307821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1307821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}