The move is seen as part of Ukraine's efforts to reinforce its army as soldiers struggle to hold positions against Russia
Reliance is seeking to sell cargoes already at sea as Indian rules do not allow export of crude oil.
By selling the crude, Reliance hopes to avoid demurrage costs especially as freight rates have risen, said a second source.
The company did not respond to a request for comment.
Reliance operates the world's biggest refining complex with capacity to process 1.4 million barrels per day (bpd) of oil at Jamnagar in western India.
"As of now, the plan is to cut refining throughput in April because demand is not there," the second source said.
The company is also in talks with producers to defer some cargoes, the source said.
Reliance's two advanced refineries, situated next to each other, have the capability to process some of the toughest cheaper grades available in the market.
The move is seen as part of Ukraine's efforts to reinforce its army as soldiers struggle to hold positions against Russia
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