MRPL’s Russian crude sourcing touches 32% in Q2FY27

SENSEX 77,301.40

+ 383.55

NIFTY 23,960.60

+ 149.75

CRUDEOIL 8,813.00

 -291.00

GOLD 142,685.00

+ 3,233.00

SILVER 186,750.00

+ 7,052.00

SENSEX 77,301.40

+ 383.55

NIFTY 23,960.60

+ 149.75

NIFTY 23,960.60

+ 149.75

CRUDEOIL 8,813.00

 -291.00

CRUDEOIL 8,813.00

 -291.00

GOLD 142,685.00

+ 3,233.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

Russian barrels made up of about 32% of the crude mix during the second quarter of 2026-27 against approximately 28% in Q1FY27

By AJ Vinayak

Updated - November 04, 2026 at 08:27 PM. | Mangaluru

Mangalore Refinery and Petrochemicals Ltd’s (MRPL) crude oil sourcing from Russia stood at 32 per cent during the second quarter of 2026-27, according to Devendra Kumar, Director (Finance) of MRPL.

Replying to questions at the earnings conference call on Wednesday, he said the company has kept crude supplies secure despite the West Asia disruptions. It has diversified its crude sourcing basket.

He said the Russian barrels made up of about 32 per cent of the crude mix during the second quarter of 2026-27 against approximately 28 per cent in Q1FY27.

When West Asian term cargoes were curtailed by the situation in the Strait of Hormuz, the company stepped up domestic crude and spot purchases, he said. In Q2, the domestic crude made up of about a quarter of the refinery’s intake. Term contracts about a fifth.

Stating that sourcing has been a challenge, he said MRPL is addressing these issues head on. It sourced mainly from West Africa, the Americas, West Asia, and Russia.

To a query, he said MRPL is increasing crude oil purchases on ​a delivered basis to reduce its exposure to shipping ‌risks due to the war in West Asia.

“To de-risk us, we would continue to insist on DAP (delivered-at port) cargoes, but going forward we will evaluate purely based on our delivered economics when things stabilise,” he said.

The supplier bears contractual responsibility for ⁠delivering the cargo to its destination under DAP agreement.

Fire incident impact

To a query on the impact of the September 30 fire incident at the coker hydro treater unit on distillate yields, he said the company’s third quarter total throughput is not likely to change significantly.

Stating that there could be a marginal impact, Deepak Prabhakar, Executive Director (Marketing and Business Development) of MRPL, said the impact on the total production could be may be less than a couple of percentage points.

Devendra Kumar said the September 30 fire incident is under active investigation and reconstruction of the unit has commenced.

“The restoration is targeted by mid-December of this year and we expect Q3 throughput to be close to Q2 levels. We have booked a provisional loss of ₹118.76 crore in Q2 as an exceptional item against an estimated replacement value of about ₹225 crore. These are of course preliminary estimates. The assets are are adequately insured,” he said.

On the direct marketing of products, Deepak Prabhakar said the diesel volumes have grown tremendously in the second quarter. “We are seeing total sale of almost, I would say, 40 TMT (thousand metric tonnes) as opposed to 20 TMT in Q1,” he said.

Published on November 4, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers