Reliance expands fuel exports to Africa, Europe
Mumbai: Reliance Industries (RIL) has expanded its fuel exports to Africa, Europe, Australia, Kenya, and Tanzania, capitalising on market opportunities arising from supply disruptions caused by the West Asia conflict. This strategy enabled the private refiner to boost its market share in these regions by approximately 50%, as outlined in the company’s September quarter financial presentation.
RIL also focused on premium gasoline grades in Australia, Kenya, and Tanzania, while enhancing diesel and aviation turbine fuel (ATF) supplies to the Mediterranean. According to Srinivasan Tuttagunta, chief operating officer of supply and trading at RIL, the company identified these opportunities due to the loss of supply in the Mediterranean market.
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