The Hindu·3 min read·medium
HPCL, BPCL have secured crude supplies till August, scouting for September
S
Saptaparno Ghosh
✦AI Summary
Indian oil-marketing companies HPCL and BPCL have secured crude oil supplies through August and are currently sourcing for September. The companies are diversifying their supply chains, including increased reliance on Russian crude, to mitigate risks from West Asian shipping disruptions.
State-owned oil-marketing companies, Hindustan Petroleum and Bharat Petroleum, have secured their supplies until the end of August and are working on procuring supplies for September onwards, executives of the two oil-marketing companies told analysts in their respective post-results call Thursday.
economybusiness
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