MRPL Seeks Cheaper Oil Amid United States Pressure, Hopes To Keep Buying Russian

Upgraded 16 October 2025 at 13:17 IST

Mangalore Refineries looks for marked down oil from alternative sources while continuing Russian oil imports. In spite of U.S. pressure, the business stays positive in sourcing methods and financial practicality amidst international sanctions.

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India’s MRPL looks for more affordable oil amidst United States pressure, wants to keep purchasing Russian|Image: Republic

Mangalore Refineries and Petrochemicals is searching for oil from alternative sources cost a discount rate while wanting to continue purchasing Russian oil, its handling director Mundkur Shyamprasad Kamath stated on Wednesday.

U.S. President Donald Trump on Wednesday stated Prime Minister Narendra Modi had actually ensured that India will stop purchasing oil from Russia, India’s leading source of imported oil. Washington wishes to suppress earnings to Moscow in the hope of ending its war on Ukraine.

Indian refiners have actually made the most of the reduced rates Russia has actually been required to accept for its oil after the U.S. and the European Union enforced sanctions on Moscow in 2022.

Russian oil represented about 35% to 40% of MRPL’s total oil imports in the September quarter, he stated.

MRPL runs a 300,000 barrels each day refinery in the southern state of Karnataka.

“We have already started looking at other crudes which are available on discount by our own methods of sourcing crude,” Kamath informed experts on a call, including the federal government has actually preserved that India will continue to favour the most affordable expense sources.

“So we are confident that it will continue in the near future,” he stated, describing Russian oil imports.

He stated his business would take a look at purchasing U.S. oil, however it had actually not been appealing in previous quarters.

“And on an economic basis, I am confident that we will be able to sail through,” he stated.