Reliance (RIL IS) has capped fuel purchases to USD 11 per visit due to the growing shortages, Bloomberg reports citing sources

Reliance Industries' decision to cap fuel purchases at USD 11 per visit highlights the impact of growing shortages in the market. This move could signal tightening supply conditions and lead to upward pressure on fuel prices, which may influence broader energy markets and inflation dynamics. Traders should closely monitor reactions in commodity and currency markets as this development unfolds.