# India’s largest private refiner Reliance Industries Ltd relied on diversified crude sourcing and operational agility.

*business · news · 2026-04-26 · Daily Excelsior*

## Key points

- Reliance replaced Persian Gulf crude contracts with non-Gulf suppliers following Iran war disruptions.
- Reliance worked with Middle East suppliers for alternative routing of stranded crude but gave no details.
- Record-high physical crude prices, premiums, and costs in March quarter sharply reduced domestic fuel margins.
- Reliance diverted propane and butane to boost LPG output and allocated KG-D6 gas to priority sectors.
- Reliance expects global oil demand to decline marginally in 2026 despite constrained refining capacity additions.

**Companies:** Reliance Industries Ltd
**Countries:** India

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/reliance-navigates-volatile-oil-markets-with-agile-sourcing-operational-tweaks/)

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