Indian refiners are gearing up to alter their crude oil import mix in favour of lighter grades that yield more gasoline to meet a surge in demand for the motor fuel in Asia's third-largest economy, company officials and analysts said. Refiners in the world's No. 3 oil importer and consumer will increase imports of gasoline-yielding crudes from the United States and West Africa, while cutting heavier sour grades from the Middle East that yield more middle distillates like diesel and kerosene, they said. The move dovetails with an earlier push to reduce India's reliance ...
India state refiners to buy more light crude to boost gasoline output
The move dovetails with an earlier push to reduce India's reliance on Middle Eastcrudes to enhance energy security.