
India’s Naphtha Puzzle: Weak Demand, Weak Exports
Naphtha consumption in India is set to fall by 11% y-o-y in 2026, its second consecutive annual decline. This might look surprising considering the resilience

Naphtha consumption in India is set to fall by 11% y-o-y in 2026, its second consecutive annual decline. This might look surprising considering the resilience
Aviation Turbine Fuel (ATF) production in India is not keeping pace with the strength seen in overall petroleum product output. According to the latest PPAC

India’s latest crude oil import figures clearly highlight that the country has been successful in diversifying its crude supplies. As per our estimates, India’s crude
LPG consumption in India continues to be constrained by the available supply. As per the latest data released by PPAC, LPG consumption in India was

India is projected to be the world’s largest source of oil demand growth through 2030. Total oil products consumption is projected to reach 299.9 MMT

Indian Oil Corporation (IOCL) Fitch Ratings has affirmed IOCL’s Long-Term Foreign-Currency Issuer Default Rating at BBB minus with a Stable outlook, equalising it with the