Indian Tycoons Tap Fuel Rush at Home as China Stokes Glut

  • Essar Oil says a jump in Indian fuel consumption will continue
  • Economic growth, deregulation signal improving Indian margins

A refinery stands in the Mahul area of Mumbai.

Photographer: Dhiraj Singh/Bloomberg

In a world awash with diesel supplies, there’s no place like home right now for India’s refinery tycoons as accelerating economic growth and government policy changes stoke local fuel demand.

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