Reliance Fuel Exports Rise 25% on Gasoline, Jet-Fuel Shipments
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Fuel exports by Reliance Industries Ltd., India’s largest publicly traded company, climbed 25 percent in the first half of May from a month earlier as it shipped more gasoline to the U.S. and demand for jet fuel grew.
The Mumbai-based company, which operates the world’s largest refining complex, sold at least 1 million metric tons of fuel products overseas from its Jamnagar facility from 800,000 tons in the first 15 days of April, according to ship-tracking data compiled by Bloomberg and vessel fixtures from Clarkson Research Services Ltd.