{
  "id": 18135226,
  "title": "MRPL’s Russian crude sourcing touches 32% in Q2FY27",
  "url": "https://urgent.news/2026/11/04/mrpls-russian-crude-sourcing-touches-32-in-q2fy27",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T14:48:35.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/mrpls-russian-crude-sourcing-touches-32-in-q2fy27/article71666343.ece"
  },
  "original_language": "en",
  "account": "MRPL's crude oil sourcing from Russia reached 32 percent during the second quarter of 2026-27, as per Devendra Kumar, the company's Director of Finance. The company has diversified its crude oil sources to counter disruptions in West Asia. Russian barrels comprised around 32 percent of the crude mix in Q2FY27, up from approximately 28 percent in Q1FY27. Domestic crude made up about a quarter of the refinery's intake, while term contracts accounted for a fifth. In response to the Strait of Hormuz situation, the company increased its domestic crude and spot purchases. The company is actively addressing sourcing challenges, primarily drawing from West Africa, the Americas, West Asia, and Russia. To mitigate exposure to shipping risks, MRPL plans to prioritize delivered-at-port (DAP) cargoes once stability returns. The September 30 fire incident at the coker hydro treater unit might marginally impact distillate yields in Q3, possibly less than two percentage points. The restoration of the unit is targeted for mid-December, with a provisional loss of ₹118.76 crore booked as an exceptional item. Diesel volumes have significantly grown, with sales reaching nearly 40 TMT in Q2, compared to 20 TMT in Q1.",
  "summary": "Russian barrels made up of about 32% of the crude mix during the second quarter of 2026-27 against approximately 28% in Q1FY27",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}