New Delhi, March 31 -- India's petroleum product exports experienced a 3.7 percent growth in volume terms, reaching 59.0 million tonne (MT) during April-February of the current fiscal year, compared to 56.9 MT in the same period last fiscal, according to data released by the Petroleum Planning and Analysis Cell.

This increase was primarily driven by higher shipments of motor spirit, petcoke, and fuel oil.

Despite the increase in export volumes, the value of these exports declined by nearly 7 percent to USD 40.4 billion in the first eleven months of the current fiscal year, down from USD 43.4 billion in the same period last year.

This decline has been attributed to weaker global prices compared to the previous fiscal year.

In February ...