Home / Economy / News / Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports

Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports

Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said.

HPCL calls for emergency board meeting to clear the revised fiscal package

The purchase came after the country's top refiner Indian Oil Corp bought 3 million barrels of the same Russian grade this week.

Reuters NEW DELHI

1 min read Last Updated : Mar 17 2022 | 10:07 AM IST

NEW DELHI (Reuters) - India's state refiner Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said on Thursday.

The cargo was sold by a European trader, they said.

(Reporting by Nidhi Verma in New Delhi and Florence Tan in Singapore; Editing by Shri Navaratnam)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)