Mukesh Ambani stepping in to supply diesel to Europe

Some other Asian refineries are also considering the exportation of diesel as the price of the fuel continues to rise.

Mukesh Ambani stepping in to supply diesel to Europe
Mukesh Ambani. Source: Twitter/@MukeshAmbani
Pumping gas at gas pump. Closeup of man pumping gasoline fuel in car at gas station.
Photo by engin akyurt / Unsplash

To take advantage of the soaring demand for diesel in Europe, Reliance Industries Ltd.'s Jamnagar refinery in Gujarat is lifting crude processing and deferring planned maintenance. The worldwide energy shortage caused by Russia's invasion of Ukraine is providing a much-needed boost to the world's largest refining complex.

The company has already begun delivering fuel shipments to Europe. The Gujarat complex can process 1.36 million barrels of oil per day from two refineries, with the majority of the fuel being exported.