Russian crude oil not economical for refinery: HPCL CEO
State-run Hindustan Petroleum Corporation Limited (HPCL) said that the company is not significantly dependent on Russian crude oil as it is not economical for the refiner, ET Now reported citing HPCL chairman’s Q2 concall address. Days after US President Donald Trump imposed sanctions on two Russian oil companies, some Indian refiners have paused new orders for Russian oil as they await clarity from the government and suppliers.
The oil refiner processed 5% Russian oil in Q2 FY26.
