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Indian refiners tap demand at home amid global glut
Published Wed, Jan 13, 2016 · 09:50 PM
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New Delhi
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.
Essar Oil Ltd, controlled by the billionaire brothers Shashi and Ravi Ruia, predicts a rapid recent domestic expansion in industrial and automotive consumption will continue.
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