HPCL processed just 5% Russian crude during the September quarter, reflecting reduced intake amid tightening Western sanctions and narrowing price discounts. The company affirms that all Russian oil imports remain commercially driven and compliant with regulations, while actively diversifying supply sources to maintain refinery operations and manage geopolitical risks.
                                        
                        
	Hindustan Petroleum Corporation Limited (HPCL) processed only 5% Russian oil in its September quarter crude basket, a significant drop from recent highs. This move follows a period of shifting trade flows due to stricter US, European, and UK sanctions against Russian energy exports and a fall in price advantage for Indian refiners.
	 
	HPCL clarified that its Russian crude purchases have been fully compliant with government policy and international regulations, and were executed on a delivered-at-port basis, where shipping arrangements are managed by suppliers. The Vizag refinery was the primary facility using Russian oil in Q1, while other HPCL assets diversified toward alternative suppliers.
	 
	Company executives noted that the decision to limit Russian imports was economically motivated, not geopolitical, citing dwindling discounts and rising logistical complexities. HPCL continues its efforts to broaden the supplier base and streamline procurement strategies, ensuring stable supplies and price efficiency regardless of external disruptions.
	 
	Key Highlights
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		HPCL processed just 5% Russian crude in the September quarter.
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		Imports remain compliant and commercially driven; shipping handled by suppliers.
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		Decline due to reduced price discounts and increased sanctions on Russian energy.
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		Vizag refinery was main user of Russian oil, others sourced alternatives.
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		HPCL actively diversifying crude sources for operational resilience.
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		No significant impact expected if Russian supplies are further curtailed.
	Sources: Economic Times, Hindustan Times, NDTV Profit, Financial Express