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India’s exports of petroleum products saw a decline of 7.9% year-on-year, reaching $26.6 billion in April-November of FY26. Imports of refined oil products also decreased by 1% to $14.7 billion during this period. The country’s consumption of petroleum products increased by 1.4% in the first eight months of FY26, with a projected demand of 252.9 million tonnes for the entire fiscal year.