'Will adapt ops': Refiners prepare for life without Russian oil; assessing US sanctions

Indian refiners, including Reliance Industries, are adjusting operations to comply with US sanctions on Russian crude exporters Rosneft and Lukoil. While state-run firms will absorb initial costs of finding alternative supplies at market rates, the impact on consumers is currently minimal. Refiners are preparing for a future without Russian oil, assessing compliance needs and potential market shifts.

'Will adapt ops': Refiners prepare for life without Russian oil; assessing US sanctions
Indian refiners, including Reliance Industries, are adjusting operations to comply with US sanctions on Russian crude exporters Rosneft and Lukoil. While state-run firms will absorb initial costs of finding alternative supplies at market rates, the impact on consumers is currently minimal. Refiners are preparing for a future without Russian oil, assessing compliance needs and potential market shifts.