The Economic Times

Centre holds back on fuel exports ban due to logistics, tax hurdles as West Asia conflict rages

India is not banning fuel exports despite global supply issues. Logistical hurdles, contractual obligations with overseas buyers, and tax waivers for export-only refineries are key reasons. Reliance Industries and Nayara Energy are major exporters. China and Thailand have curbed their exports. India aims to avoid adding to global market turbulence. Domestic refiners prefer selling to state retailers for better returns.