# HPCL buys 4 mn barrels, MRPL seeks 2 mn as supply risks mount

2026-08-13T06:42:10+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

India's state-run refiners are scrambling for crude as the Strait of Hormuz remains effectively closed and Russian supplies face disruption. Hindustan Petroleum Corp bought 4 million barrels of West Asian crude for early October delivery, traders told Reuters. The refiner purchased 2 million barrels of Murban from BP, 1 million from PetroChina, and 1 million of Oman crude from Trafigura. Mangalore Refinery & Petrochemicals Ltd has issued a tender seeking up to 2 million barrels for October 10-20 delivery, and its tender specifies avoiding the Red Sea and the Strait of Hormuz. The buying spree is unusually far in advance for Indian refiners, who typically procure spot cargoes only one or two months ahead. Ukrainian attacks on Russian energy infrastructure have cut Russian supplies to India to the lowest since May, while deadlocked US-Iran talks keep the Strait of Hormuz closed. Indian Oil Corp is also seeking October cargoes, and some November volumes have been ordered, sources told Bloomberg.

## Coverage

- energy.economictimes.indiatimes.com <https://energy.economictimes.indiatimes.com/news/oil-and-gas/indias-hpcl-mrpl-seek-up-to-six-million-barrels-crude-documents-show/133179544>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/commodities/hpcl-buys-4-million-barrels-of-west-asian-crude-traders-say/article71339703.ece>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/commodities/asian-refiners-buy-more-us-crude-as-hormuz-remains-blocked-traders-say/article71344619.ece>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/commodities/indian-refiners-buy-crude-months-ahead-as-russia-hormuz-supply-risks-mount/article71344624.ece>

Tags: crude oil, HPCL, India, MRPL, Strait of Hormuz, West Asia tensions
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