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Diesel imports in 2017 may rise to highest since at least 2011

India is a net exporter of diesel with production usually enough to meet demand, limiting imports

Reuters  |  Singapore 

India's diesel imports this year may rise to the highest since at least 2011 as refiners shut down to upgrade their units to meet new fuel standards and as warmer temperatures spur demand, said five industry sources. The imports have supported the Asian diesel market which would otherwise have collapsed under a flood of Chinese exports. The Singapore diesel crack margin rose to a more than two-month high of over $11 a barrel to Dubai crude on Friday, Reuters data showed. India's state-owned refiners are already seeking or have bought up to 967,000 tonnes of diesel through ...

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First Published: Fri, June 16 2017. 16:08 IST