Impact of crude contamination has been contained, was decrease than anticipated: HPCL CMD

Hindustan Petroleum’s Chairman and Managing Director (CMD) Vikas Kaushal on Friday (October 31, 2025) mentioned he was not “shedding sleep” over Russian crude as a result of it represents 5% of the corporate’s total combine and it could possibly get the quantum from different sources.

Speaking on a name with buyers and analysts, Mr. Kaushal additionally underlined that crude shopping for is a “very financial choice” dependent upon costs alongside the standard of the crude and the power of refineries to take (course of) them.  

He mentioned that, within the second quarter, Hindustan Petroleum purchased 6.1 million tonnes of crude total, of this 1.1 million have been indigenous and 5 million have been imported. Mr. Kaushal underlined that Russian crude accounted for less than 5% of the general combine. “This is for the easy purpose that it (Russian crude) was not economical to run in our refineries,” he said, including, “we run much more on crude from Middle East and more and more on West African crude.” 

Further, Mr. Kaushal said, “We are very well-structured on our property on different crudes and even when the tough is available in, we all know which crudes [we] have to take a look at to get the margins and they don’t seem to be Russian crudes.” He added that although the refiner can course of Russian crudes, they’ve options. 

The buy of Russian oil by India has develop into a geopolitical subject, with the U.S. imposing further tariffs of 25% on imports from India as a ‘penalty’ for importing Russian oil. India has been steadfast in sustaining that it’ll prioritise its financial and vitality safety over different issues.  

Earlier this week, HPCL’s refining peer Indian Oil had mentioned that they won’t discontinue buying Russian oil so long as they have been in compliance with all sanctions by the West.