India Emerges as key diesel supplier to Turkiye amid Russia Middle East disruptions

[Jaeger]

Unlike with Indonesian refineries that completely own by state owned Pertamina, India refinery is mostly owned by private sector like Reliance, so saying its additional profit is to subsidies fuel inside India is not true.

In India government decides the price of fuel, so refineries private or government owned have to sell fuel at a fixed price. Even if that mean, they are taking a loss while selling fuel domestically

Secondly Indian government has been taking massive risks defying American sanctions on Russian oil, so that both private and state owned refineries can continue importing Russian oil and keep making massive profits over last 4.5 years.

Thirdly most of private owned refineries are owned by buisness men who are close allies of current government.