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Bharat Petroleum has postponed the closure of its crude oil unit to a May report


Bharat Petroleum has postponed the closure of its 25-day crude unit to May

NEW DELHI:

Bharat Petroleum Corporation has postponed the shutdown of the 240,000-barrel-per-day (bpd) crude unit at the Mumbai refinery in May because it wants to overcome the cracking of solid fuels, according to two sources familiar with the plan.

India’s second-largest state-owned refinery has planned to shut down a 120,000 bpd crude unit and some secondary units, including a hydro-desulphurisation diesel and hydrogen generation unit, for 20-25 days from the end of this month, they said.

Indian state refineries have not raised pump prices since Nov. 4, despite rising global oil and fuel prices.

Increases in complex refining margins in Asia are being pushed by companies to boost crude outflows and to recover some of the losses from exports from fuel sales in the local market.

BPCL did not respond to an email for comments.

Earlier, Indian Oil Corp., the country’s largest refinery, and Reliance Industries Ltd, the world’s largest refining operator, delayed the shutdown of unit maintenance.



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