Bharat Petroleum to skip Iran oil purchases in October: Source

The refiner will, however, lift 1 million barrels of Iranian oil this month, said the source, who did not wish to be identified.

Published: 11th September 2018 11:08 AM  |   Last Updated: 11th September 2018 11:08 AM   |  A+A-

A Bharat Petroleum oil pump station displays the price of unleaded petrol and Diesel as a pedestrian walks past in New Delhi, February 3, 2016. | Reuters

By Reuters

NEW DELHI: India's state-run Bharat Petroleum Corp will skip purchase of Iranian oil in October due to turnaround at its plants, a source privy to the plan said on Tuesday.

The refiner will, however, lift 1 million barrels of Iranian oil this month, said the source, who did not wish to be identified.

There was no immediate response from BPCL on Reuters' email seeking comments.

Also Read | Despite Bharat Bandh, petrol breaches Rs 88/litre mark in Mumbai, diesel at Rs 77.47/litre

BPCL has changed a crude mix for its 240,000 barrels per day (bpd) Mumbai refinery after shutting down the fire-hit hydrocracker unit last month to optimise its processing and output of refined products, said the source.

The hydrocracker unit will remain shut for at least another two months.

The refiner's 120,000 bpd Bina refinery in central India is also shut down for about 45 days from mid-August.

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