Mangalore Refinery and Petrochemicals Ltd (MRPL) has unveiled a dynamic FY2025-26 roadmap, heralding aggressive expansion and operational transformation in India's changing energy paradigm. The company will establish 150 new fuel retail stations across the country, increase its jet fuel production, and spend ₹10 billion on capital expenditure, even as Russian oil discounts converge and inventory gains support quarterly results.
Key Highlights:
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Retail Network Bounce: MRPL will launch 150 new fuel retail points in India during 2025-26, markedly increasing its penetration in the downstream business and improving customer access to its petroleum offerings.
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Capex Pledge: The company has set its capital outlay in FY26 at ₹10 billion, envisaging expenditure on infrastructure development, fuel retail development, and technology advancement to fuel long-term growth.
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Russian Oil Discounts Narrow: MRPL officials confirmed that Russian crude oil discounts have narrowed relative to earlier quarters, in line with a wider trend confronting Indian refiners as global market forces change.
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Jet Fuel Production Push: The refiner is focusing on maximizing production of jet fuel (ATF), driven by growing aviation demand and seeking to consolidate its position as a major supplier in the industry.
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Inventory Gains: MRPL posted inventory gains of $0.42 per barrel for the January–March 2025 quarter, evidencing good management of inventories and positive market conditions.
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Operational Performance: The company is holding strong refining margins and is actively managing crude procurement and product grades to respond to changes in the market.
MRPL's new strategy reflects its goal to be the leader in both retail and specialty fuels, as it weathers global crude movements and invests in future-proof infrastructure.
Sources: Economic Times, Sharekhan, MRPL, MDSP, Current Update