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. Read more
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