mrpl

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    OMCs Discount Refining Costs to Offset Fuel Price Controls

    New Delhi, April 5 In a move unprecedented since the deregulation of fuel prices, Indian state-owned oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF), and kerosene, aiming to limit mounting losses resulting from a self-imposed freeze...
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    New Mangalore Port Sees Increased Crude Oil Arrivals

    Mangaluru (Karnataka), April 1 Two more large crude oil tankers have docked at the New Mangalore Port, further increasing the recent supply of crude oil for Mangalore Refinery and Petrochemicals Limited.According to port authorities, the vessel 'Sunrise Way' arrived on Monday carrying 88,152...
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    India's Fuel Price Freeze: Impact on Refiners

    New Delhi, March 15 State-owned oil marketing companies are considering paying refineries a price lower than the imported rates of petrol and diesel to limit mounting losses from a retail fuel price freeze, a move that could hit standalone refiners like MRPL, CPCL and HMEL.International oil...
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    India’s Diversified Energy Strategy: Buying Russian Oil to Secure Supply

    New Delhi, March 6 – Indian refiners have begun acquiring millions of barrels of Russian oil floating in Asian waters after the US granted a waiver allowing the purchase of cargoes stranded at sea, but they are seeking legal opinions on whether the exemption also permits buying from sanctioned...
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