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MRPL Secures Crude Supply Amidst Global Chaos
23 Jul
Summary
- Company diversified crude oil sourcing from 273 grades worldwide.
- New crudes processed include Hout, Mostarda, Gindungo, Sarir Mesla.
- Refinery capacity utilization reached 111.8% in 2025-26.
Mangalore Refinery and Petrochemicals Ltd (MRPL) implemented a comprehensive strategy in 2025-26 to ensure a stable crude supply, enhancing its resilience against global geopolitical tensions and supply chain disruptions. The company diversified its crude oil sourcing, processing 273 different grades from Asia, South America, Africa, the USA, and Russia. This multi-layered approach ensures operational continuity and reduces dependency on any single source, processing new crudes such as Hout and Angola's Mostarda and Gindungo.
Despite a volatile global crude oil market influenced by conflicts and shifting demand, MRPL maintained refinery capacity utilization at approximately 111.8% in 2025-26, processing 16.774 million tonnes of crude. The company also expanded its retail network, commissioning 85 new outlets. Its gross refining margin significantly improved to $9.22 a barrel from $4.45 in the previous year.
MRPL further strengthened supply security by collaborating with Indian Strategic Petroleum Reserves Ltd for crude storage. The company is also investing in future energy initiatives, including bio-ATF, green hydrogen, and value-added petrochemicals. Its motor spirit production aligned with the E20 mandate, with 19.76% ethanol blending at its retail outlets.
