Reliance has been an outperformer with its shares rallying 29 per cent in 2025, beating the benchmark NSE Nifty 50 Index’s 11 per cent gain. ADVERTISEMENTIn the early hours of Tuesday, the company took to X, saying that its Jamnagar refinery had not received any cargo of Russian oil in the past three weeks and was not expecting any Russian crude oil deliveries this month either. The last consignment of oil destined for its refinery was loaded on November 12, it had then informed. However, US President Donald Trump’s fresh threat to put more tariffs on India if it continues with Russian oil purchases changed the equation on Monday. Weak commentary around Trent was viewed by investors as a sector concern around RIL, too.

Source: The Telegraph January 07, 2026 02:31 UTC