Mayuresh Joshi said Chennai Petroleum could be a key beneficiary of high diesel and jet fuel crack spreads amid a potential US diesel export ban, though a caller noted government price caps may limit this benefit

Tue 29 Sep 2026

Crack spread cap

$25

Refining capacity offline

2 million barrels per day

Heard on Live TV News Channel between 08:40:24 - 08:41:39 IST.

• Mayuresh Joshi said diesel and jet fuel crack spreads had hit multi-year highs this quarter, higher than last quarter.
• He said Chennai Petroleum's product basket is heavily weighted to diesel and jet fuel, making it a likely beneficiary.
• He suggested this quarter's numbers for Chennai Petroleum could beat the last quarter's.
• Anchor noted a viewer message pointing out government of India has capped cracks above $25, meaning standalone refiners may not benefit unless the cap is raised.

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