BPCL, HPCL test alternative crude supplies as Gulf shipping risks raise fuel-cost pressure
Indian refiners BPCL and HPCL are evaluating alternative crude grades and shipping routes as risks around Hormuz and the Red Sea threaten supply continuity. Brent has crossed $100 a barrel, while longer rerouted voyages could add freight costs and tighten fuel-retail margins.
BPCL and HPCL are testing alternative crude grades and shipping routes as Gulf conflict disrupts Hormuz and Red Sea flows, threatening fuel-supply continuity and raising input costs for Indian fuel retailers.