1. Reliance Industries Ltd., owner of the world's third-biggest oil refinery, may increase fuel exports this year to offset losses from the domestic market.
2. The refiner may sell all of its premium grade gasoline and diesel overseas. It produces the Euro IV motor fuels that meet regulations of countries such as the U.K. and the U.S. Reliance's exports rose 63 percent to 17.7 million tons in the year ended March 31 from 10.8 million tons a year ago. That accounted for 57 percent of the company's production.
In a lose-lose market you have to find escape routes.
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