7 months ago
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Hindustan Petroleum’s Chairman and Managing Director (CMD) Vikas Kaushal connected Friday (October 31, 2025) said helium was not “losing sleep” implicit Russian crude due to the fact that it represents 5% of the company’s wide premix and it tin get the quantum from different sources.
Speaking connected a telephone with investors and analysts, Mr. Kaushal besides underlined that crude buying is simply a “very economical decision” babelike upon prices alongside the prime of the crude and the quality of refineries to instrumentality (process) them.
He said that, successful the 2nd quarter, Hindustan Petroleum bought 6.1 cardinal tonnes of crude overall, of this 1.1 cardinal were indigenous and 5 cardinal were imported. Mr. Kaushal underlined that Russian crude accounted for only 5% of the wide mix. “This is for the elemental crushed that it (Russian crude) was not economical to tally successful our refineries,” helium stated, adding, “we tally a batch much connected crude from Middle East and progressively connected West African crude.”
Further, Mr. Kaushal stated, “We are precise well-structured connected our assets connected different crudes and adjacent erstwhile the unsmooth comes in, we cognize which crudes [we] person to look astatine to get the margins and they are not Russian crudes.” He added that though the refiner tin process Russian crudes, they person alternatives.
The acquisition of Russian lipid by India has go a geopolitical issue, with the U.S. imposing further tariffs of 25% connected imports from India arsenic a ‘penalty’ for importing Russian oil. India has been steadfast successful maintaining that it volition prioritise its economical and vigor information implicit different considerations.
Earlier this week, HPCL’s refining adjacent Indian Oil had said that they volition not discontinue purchasing Russian lipid arsenic agelong arsenic they were successful compliance with each sanctions by the West.
