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MRPL Confirms Normal Operations, Dispelling Shutdown Rumors Amid US-Israel-Iran Tensions
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MRPL Denies Shutdown Amid Gulf Tensions; Assures 'Operations Normal'
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News18
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07-03-2026, 15:44
MRPL Denies Shutdown Amid Gulf Tensions; Assures 'Operations Normal'
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Mangalore Refinery and Petrochemicals Limited (MRPL) denied social media reports of shutting down operations due to feedstock shortages.
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The India-controlled refiner confirmed its operations are normal and it has adequate crude oil to sustain activities.
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The denial comes amidst the ongoing US-Israel-Iran conflict and Iranian threats to shipping through the Strait of Hormuz.
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Crude oil prices surged, with WTI futures up 12.2% to $90.90, raising fears of disrupted global energy supplies.
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The US granted a temporary 30-day waiver for Indian refiners to purchase Russian oil to stabilize energy markets.
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