Geopolitical tensions, including Russia's gasoline export ban and the Iran war, are pushing up crude oil prices, impacting India's refining margins and potentially increasing fuel costs.
The long-term implications of India's shift in export focus to prioritize domestic fuel supply and pricing are not explicitly detailed in the provided sources.
Indian refiners can mitigate volatile crack spread risks by increasing domestic refinery production, diversifying LPG imports, upgrading facilities for feedstock flexibility, and adjust
