Shares of Reliance Industries, Chennai Petroleum Corporation, MRPL, and other refiners rallied up to 5% on Thursday on reports that the Chinese government has told the country’s largest oil refiners to suspend exports of diesel and gasoline.
Reliance Industries share price jumped nearly 3%, while Chennai Petroleum Corporation shares rallied 5.4%, and Mangalore Refinery and Petrochemicals stock price surged as much as 5.72%.
(More to come)