Veytics Intelligence
2026-10-16 · CNBC

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

U.S. Secretary of State Marco Rubio is set to visit the world's largest oil refinery in Jamnagar, India, owned by billionaire Mukesh Ambani's Reliance Industries , as diesel prices surge ahead of U.S. midterm polls. The International Energy Agency has warned that constraints on the diesel market will likely keep prices elevated into the next year. To ease diesel prices, which affect American truckers, farmers, and shippers, U.S. President Donald Trump earlier this month paused sanctions on Russia to allow supplies from Moscow in the global market. The Trump administration is using this trip to focus on business deals rather than policy and politics as Americans remain focused on the economy ahead of the midterm polls, experts told CNBC.

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