Reliance Industries Ltd. has capped fuel purchases across its retail outlets, limiting customers to about $11 worth of gasoline or diesel, as the Middle East crisis continues to choke off supplies.
The country's largest private-sector oil refiner is restricting individual purchases to 1,000 rupees ($10.8) per visit at fuel stations it operates with partner BP Plc, according to people familiar with the matter.
The rationing comes as India, the world's third-largest oil consumer, grapples with the fallout of the weeks-long near-closure of the Strait of Hormuz — a vital lane for global shipments of crude, petroleum and natural gas.
While a fragile US-Iran truce is in place, tanker traffic remains disrupted and insurers continue to classify the area as high-risk.
State-run companies have not officially announced price hikes or purchase caps, but drivers have anecdotally reported similar 1,000 rupee limits being enforced at some gas stations.
