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Reliance, MRPL, other refinery stocks rally up to 5% as China reportedly plans to suspend diesel, gasoline exports

Published on 05/03/2026 10:03 AM

Shares of Reliance Industries, Chennai Petroleum Corporation, MRPL, and other refiners rallied up to 5% on Thursday on reports that the Chinese government has told the country’s largest oil refiners to suspend exports of diesel and gasoline.

Reliance Industries share price jumped nearly 3%, while Chennai Petroleum Corporation shares rallied 5.4%, and Mangalore Refinery and Petrochemicals stock price surged as much as 5.72%.

(More to come)

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