SENSEX
NIFTY
GOLD
USD/INR

Weather

image 23    C

Economy News

The Economic Times

Economy / The Economic Times

details

MRPL boosts delivered oil buying as Iran war raises shipping risks

Mangalore Refinery and Petrochemicals Ltd plans to increase crude oil purchases on a delivered basis. This strategy aims to reduce shipping risks related to the ongoing Iran war. The company is also looking to diversify its crude sourcing to maintain full refinery capacity. CFO Devendra Kumar expressed hope for annual supply deals with Middle Eastern oil producers. Additionally, MRPL's fuel exports may decline as local consumption is projected to rise.

4 Nov 2026 2:27 pm