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Marco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge

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Context

What happened: Marco Rubio is set to visit the Jamnagar refinery in Gujarat, owned by Indian billionaire Mukesh Ambani's Reliance, as U.S. diesel prices surge. Why it matters: Reliance's strong diesel supply capability has raised Jamnagar's profile during the visit. The company is also investing in a U.S. refinery and buying Venezuelan oil.

What changed

Marco Rubio is set to visit the Jamnagar refinery in Gujarat, owned by Indian billionaire Mukesh Ambani's Reliance, as U.S. diesel prices surge.

Why it matters

Reliance's strong diesel supply capability has raised Jamnagar's profile during the visit. The company is also investing in a U.S. refinery and buying Venezuelan oil.

Sources

cnbc