Europe Distillates-Diesel profit margins slide as Russia boosts output

LONDON, Oct 27 (Reuters) - Diesel refining profit margins fell by 7% on Tuesday, as rising Russian production weighed.

• Low-sulphur gasoil futures traded at a $73.90 a barrel premium to Brent crude futures by 1706 GMT, $5.60 lower than the previous close.

• French fuel retailers will not have to replace diesel released from France's strategic reserves under a new government scheme after a decision by Prime Minister Sebastien Lecornu, a spokesperson for the fuel lobby Ufip said on Tuesday.

• Russian oil refineries increased crude processing by 25% in the second half of October compared to the beginning of the month after persistent drone attacks on the plants ceased, three industry sources told Reuters.

• France is expected to start the release of 10 million barrels of diesel from its strategic reserves on November 1 in a bid to ease pump prices after fuel costs surged in the wake of the US-Israeli war with Iran.

• India's diesel exports are set to surge from 2027, giving the South Asian nation a bigger role in global markets, as state-run companies boost refining capacity, industry officials said on Tuesday.

• Brazil's government will extend on Tuesday a diesel subsidy of 2.12 reais ($0.39) per liter for a month, the country's Planning Ministry said in a statement.