India’s Private Refiners Shift Focus to Local Market Amid Global Challenges
India’s two major private refiners are pivoting towards local sales due to tightening export markets. Historically focused on exports, these firms now seek to capture a growing segment of the country’s booming fuel retail market, valued at $150 billion. With global demand weakening, adapting to local needs becomes essential for survival. This shift denotes a significant change in strategy and highlights the resilience of Indian companies in the face of global uncertainty.