Mangalore refinery purchases Russian crude

Mangalore Refinery and Petrochemicals Ltd (MRPL) has bought 1 million barrels of Russian Urals crude for may loading via tendering process. The purchase is said to be driven by huge discount on offer. Refiners from the country have been snapping up Russian Oil through spot tenders since the invasion of Ukraine by Russia on February

Most Indian state refineries run at max capacity

Most Indian state-controlled refineries are operating at maximum capacity or higher, as transport fuel demand continues to increase with further gains expected in the coming months.  MRPL was operating its 300,000 b/d refinery in Mangalore at more than 100pc and will continue to operate at these levels this month, while Bharat Petroleum (BPCL) was running