MRPL

Adds more details, including discounts for Urals, from paragraph 3

By Nidhi Verma

NEW DELHI, Aug 14 (Reuters) - Indian state refiners have started making enquiries with trading firms about purchases of Russia's Urals crude oil as discounts widen, three people with knowledge of the matter said on Thursday, ahead of a high-profile meeting of U.S. and Russian leaders on Friday.

Indian state refiners - Indian Oil Corp IOC.NS, Hindustan Petroleum Corp HPCL.NS, Bharat Petroleum Corp BPCL.NS and Mangalore Refinery Petrochemical Ltd MRPL.NS - paused Russian oil purchases last month as discounts narrowed.

The state refiners, which account for more than 60% of India's 5.2 million barrels per day of refining capacity, buy Russian oil on a delivered basis.

Spot discounts for Russian Urals crude delivered to India in October have widened to about $2.70 per barrel from $1-$1.50 per barrel in late July, the sources said. The wider discount makes delivery of Urals cheaper than it was in July.

India became the largest customer of Russian seaborne oil from 2022, after Western countries shunned Russian oil and imposed sanctions on Moscow for its invasion of Ukraine.

U.S. President Donald Trump last month threatened sanctions on buyers of Russian exports unless Russia agrees to a peace deal with Ukraine. Trump and Russian President Vladimir Putin will discuss a possible deal to end the war in Ukraine when they meet on Friday in Alaska.

"We will wait for the outcome of Trump-Putin talks that will give us some indications," one of the sources said.

State-run Bharat Petroleum Corp BPCL.NS aims to continue using Russian oil to meet up to 35% of its processing needs if there are no new sanctions, Vetsa Ramakrishna Gupta, its finance head, told an analyst call on Thursday.

BPCL's Russian oil purchases slowed in July as discounts narrowed, he added.

Indian state refiners have turned to spot purchases from countries including Brazil, West Africa, and the United States to replace lower Russian oil supplies. O/TEND CRU/TENDA

Russian Urals crude is priced at a discount to Brent crude oil, a widely used oil pricing benchmark.

Russian oil accounts for more than a third of India's overall purchases. Unlike state refiners, private companies, including Reliance Industries RELI.NS and Nayara Energy, have term contracts to buy Russian oil.

(Reporting by Nidhi Verma; Editing by Florence Tan, Tomasz Janowski and Jane Merriman)

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By Nidhi Verma

NEW DELHI, Aug 12 (Reuters) - India's state oil refiners will continue to use annual contracts to secure oil supplies and hedge against market volatilities as the future of cheap Russian purchases is in doubt, the oil ministry said in a report to parliament on Tuesday.

India has emerged as the leading buyer of Russian seaborne oil, which is sold at a discount after some Western nations shunned purchases and imposed restrictions on Russian exports over Moscow's 2022 invasion of Ukraine.

However, U.S. President Donald Trump, who announced 25% import tariffs on Indian goods last month, is threatening further levies due to India's Russian oil purchases. And state refiners are currently awaiting clarity from the government on whether to continue importing Russian oil.

"Increased imports of Russian crude into India may not last forever," the ministry said in a report responding to a parliamentary panel's questions that did not directly mention the United States or Trump's threatened tariffs.

The report said that state refineries were moving forward with all of their term contracts with other suppliers and regions to secure supply requirements.

Refiners consider factors including supply security, international politics and trade relations when finalising their procurement plans, it added.

"This approach ensures both energy security and the procurement of crude oil at optimal value," the report said.

India, the world's third-largest oil importer and consumer, relies on Russian crude for more than a third of its imports.

State refiners, which account for over 60% of the country's 5.2 million barrels per day of refining capacity, have paused purchases of Russian oil due to narrowing discounts. Private refiners Reliance Industries Ltd RELI.NS, Nayara Energy, and HPCL-Mittal Energy Ltd are continuing with their purchases.

Trump has made bringing an end to the war in Ukraine a priority of his administration. He is due to meet with his Russian counterpart Vladimir Putin, with whom he's had a tumultuous relationship, in Alaska on Friday as part of his efforts to secure a peace deal.

(Reporting by Nidhi Verma; Editing by Joe Bavier)

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NEW DELHI, Aug 7 (Reuters) - India is likely to be among the countries worst hit by U.S. President Donald Trump's trade offensive, with tariffs on Indian imports set to surge to 50% if a deal is not struck in three weeks.

Below are various options for India to deal with the crisis.

NEGOTIATE FURTHER

India was expected to be among the first countries to sign a trade deal with Trump's team, but talks fell through after five rounds of negotiations over disagreements on opening India's vast farm and dairy sectors and stopping Russian oil purchases.

New Delhi has reacted strongly to the 50% tariff on U.S. imports from India, which could virtually stall trade. Still, Indian officials are hopeful that closed-door talks will address some differences. A U.S. trade team is expected to visit the Indian capital later this month.

But Prime Minister Narendra Modi said on Thursday, without referring to the tariffs, that he was ready to "pay a heavy price" for not compromising on the well-being of the country's farmers, dairy sector and fishermen.

Indian officials, however, have said they are open to cutting tariffs for some U.S. farm and dairy goods like almond and cheese.

CUT RUSSIAN OIL IMPORTS

India, the world's third-biggest oil importer and consumer, previously said it was confident of meeting its oil needs from alternative sources if imports from Russia become impractical due to sanctions or other reasons. It bought little Russian oil before the Ukraine war that began in 2022, but now gets more than a third of its oil imports from its old trade and defence partner.

Reuters reported late last month that Indian state refiners such as Indian Oil IOC.NS, Hindustan Petroleum HPCL.NS, Bharat Petroleum BPCL.NS and Mangalore Refinery Petrochemical MRPL.NS had stopped buying Russian oil as discounts narrowed and pressure from Trump mounted. Officials have, however, warned of spikes in global prices without Russian oil in the market.

Besides Russia, other big suppliers to India are Iraq, Saudi Arabia and the United Arab Emirates under annual deals with the flexibility to request more supply every month.

In total, India buys from about 40 countries, including the United States.

BAND TOGETHER WITH FELLOW DEVELOPING COUNTRIES

Along with India, the other big target of Trump's tariffs is Brazil. The two countries are founding members of the BRICS bloc that also includes China, Russia and South Africa.

Brazilian President Luiz Inácio Lula da Silva, who holds the presidency of BRICS, told Reuters that he would call Modi on Thursday and China's Xi Jinping and other leaders afterwards to discuss the bloc's response to the tariffs.

One Indian government source said India needs to gradually repair ties with the U.S. while engaging more with other nations that have faced the brunt of Trump's tariffs and aid cuts, including the African Union and BRICS.

India is already making some forays with Russia and China.

Ahead of Russian President Vladimir Putin's expected visit to New Delhi this year, India's national security adviser is in Moscow and the foreign minister is due to follow. On Tuesday, Russia said the two countries discussed further strengthening defence cooperation "in the form of a particularly privileged strategic partnership".

India has also boosted engagement with China, a change after years of tensions following a deadly border clash in 2020. Modi is set to visit China in weeks for the first time since 2018 for the summit of a regional security conference, which could see the coming together of Modi, Putin and China's Xi Jinping.

The Indian defence and foreign ministers visited China recently.

WHAT ARE THE CONSEQUENCES FOR INDIA IF TALKS FAIL?

India exported goods of around $87 billion in the fiscal year ended March 2025 to the U.S., including garments, pharmaceuticals, gems and jewellery, and petrochemicals. They account for about 2% of India's GDP.

If the proposed 50% duty on Indian goods is enforced, pharmaceutical exports — subject to a different duty structure - may be the only products still shipped from India to the U.S.

And it's not just trade that will be in the firing line.

Analysts expect tensions to spill over to areas like work visas for tech professionals and the offshoring of services. India has long been a major beneficiary of U.S. visa programmes and the outsourcing of software and business services, a sore point for Americans who have lost jobs to cheaper workers in India.

(Reporting by Krishna N. Das, Nidhi Verma, Manoj Kumar and Aftab Ahmed in New Delhi; Editing by Raju Gopalakrishnan)

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By Nidhi Verma

NEW DELHI, Aug 6 (Reuters) - Indian refiners are awaiting government directions on whether to continue buying Russian oil after the United States decided to impose fresh 25% tariffs on Indian goods over New Delhi's energy ties with Russia, four industry sources said.

The new duties, aimed at penalising India for its Russian oil imports, come on top of existing tariffs Washington has levied to fix its trade deficit with the South Asian nation.

India said the latest U.S. action is "unfair, unjustified and unreasonable."

"So far, we have not been told anything by the government, so we will not stop Russian oil imports," said an official from a private refining company.

India, the world's third-largest oil importer and consumer, relies on Russian oil for more than a third of its oil needs.

While state refiners have paused imports of Russian oil, private companies Reliance Industries RELI.NS, Nayara Energy, and HPCL Mittal Energy (HMEL) continue to lift Russian oil.

U.S. President Donald Trump has criticised India's Russian oil purchases, arguing they help fund Moscow's war in Ukraine.

If forced to cut Russian imports, Indian refiners are expected to turn to suppliers in the Middle East, Africa and the Americas. Saudi Arabia, India's third-largest oil supplier, has already raised its official selling prices for Asia.

"In anticipation of higher Indian demand, they have kept the prices very strong," said a refining official in India, adding, the markets expect imposition of new tariffs to disrupt existing trade flows in favour of Middle Eastern crude.

The additional tariffs are set to take effect in 21 days.

Trump's executive order allows for modifications if Russia or India "align sufficiently with the United States on national security, foreign policy, and economic matters."

(Reporting by Nidhi Verma
Editing by Alexandra Hudson)

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Updates with India's justification of buying Russian oil

By Shivam Patel and Chandni Shah

NEW DELHI, Aug 2 (Reuters) - India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the matter.

On top of a new 25% tariff on India's exports to the U.S., Trump indicated in a Truth Social post last month that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters he had heard that India would no longer be buying oil from Russia.

But the sources said there would be no immediate changes.

"These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight."

Justifying India's oil purchases from Russia, a second source said India's imports of Russian grades had helped avoid a global surge in oil prices, which have remained subdued despite Western curbs on the Russian oil sector.

Unlike Iranian and Venezuelan oil, Russian crude is not subject to direct sanctions, and India is buying it below the current price cap fixed by the European Union, the source said.

The New York Times also quoted two unnamed senior Indian officials on Saturday as saying there had been no change in Indian government policy.

Indian government authorities did not respond to Reuters' request for official comment on its oil purchasing intentions.

However, during a regular press briefing on Friday, foreign ministry spokesperson Randhir Jaiswal said India has a "steady and time-tested partnership" with Russia.

"On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," he said.

The White House did not immediately respond to requests for comment.

INDIA'S TOP SUPPLIER

Trump, who has made ending Russia's war in Ukraine a priority of his administration since returning to office this year, has expressed growing impatience with Russian President Vladimir Putin in recent weeks.

He has threatened 100% tariffs on U.S. imports from countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine.

Russia is the leading supplier to India, the world's third-largest oil importer and consumer, accounting for about 35% of its overall supplies.

India imported about 1.75 million barrels per day of Russian oil from January to June this year, up 1% from a year ago, according to data provided to Reuters by sources.

But while the Indian government may not be deterred by Trump's threats, sources told Reuters this week that Indian state refiners stopped buying Russian oil after July discounts narrowed to their lowest since 2022 - when sanctions were first imposed on Moscow - due to lower Russian exports and steady demand.

Indian Oil Corp IOC.NS, Hindustan Petroleum Corp HPCL.NS, Bharat Petroleum Corp BPCL.NS and Mangalore Refinery Petrochemical Ltd MRPL.NS have not sought Russian crude in the past week or so, four sources told Reuters.

Nayara Energy - a refinery majority-owned by Russian entities, including oil major Rosneft ROSN.MM, and major buyer of Russian oil - was recently sanctioned by the EU.

Nayara's chief executive resigned following the sanctions, and three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions, Reuters reported last week.

(Reporting by Shivam Patel in New Delhi and Chandni Shah in Bengaluru; Additional reporting by Nidhi Verma and Mayank Bhardwaj; Editing by Raju Gopalakrishnan, Susan Fenton and Joe Bavier)

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Repeats story with no changes to text

By Nidhi Verma and Mohi Narayan

NEW DELHI, July 29 (Reuters) - The owners of three vessels chartered by India's Nayara Energy have asked to end their contracts with company, six sources familiar with the matter said on Tuesday, under pressure from EU sanctions imposed on the Russian-owned refiner.

Nayara, majority-owned by Russian entities including oil major Rosneft ROSN.MM, runs India's third-biggest refinery and exports refined products and also supplies them domestically.

Fresh European Union sanctions unveiled on July 18 that target Russia and its energy sector over Moscow's war in Ukraine, have been increasingly disruptive to Nayara. Reuters earlier reported it has been forced to reduce operations at its 400,000-barrels-per-day refinery due to fuel storage constraints.

India-based Seven Islands Shipping Ltd SEVI.NS and Great Eastern Shipping Co GESC.NS (GESCO) have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters.

Seven Islands is seeking the release of its medium-range vessels Bourbon and Courage, while GESCO has sought the return of the Jag Pooja, the sources said.

The sources declined to be named as they were not authorised to speak to the media.

Mumbai-based Nayara did not immediately respond to a Reuters request for comment. It has previously criticised the EU sanctions, calling them " unjust and unilateral ".

Seven Islands and GESCO did not immediately respond to requests for comment.

Bourbon is anchored near Vadinar port in western India, where Nayara's refinery is based, while Courage and Jag Pooja are floating off Kochi and Ennore ports, respectively, data from analytics firm Kpler showed.

Another tanker, Sanmar Songbird, chartered by Indian state refiner Hindustan Petroleum Corp HPCL.NS, was scheduled to load gasoline from Nayara on Tuesday, according to three sources and LSEG data. But it has since been diverted to load from Mangalore Refinery and Petrochemicals Ltd MRPL.NS, sources said.

The diversion was due to the sanctions and the lack of available insurance cover for the voyage, they said.

HPCL and Sanmar did not immediately respond to requests for comment.

India has become the biggest importer of Russian seaborne crude since Moscow launched its full-scale invasion of Ukraine in early 2022.

Last week, Reuters reported that a tanker carrying Russian Urals crude was diverted from Nayara's Vadinar port following the EU sanctions announcement, while two other tankers skipped loading refined products there.

Nayara's CEO resigned in the wake of the new sanctions, and the company filed a court case in India against Microsoft MSFT.O after the U.S. software giant suspended services to the firm.

(Reporting by Nidhi Verma and Mohi Narayan in New Delhi; Additional reporting by Trixie Yap in Singapore; Editing by Florence Tan, Tony Munroe, Bernadette Baum and Joe Bavier)

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By Nidhi Verma and Mohi Narayan

NEW DELHI, July 29 (Reuters) - The Indian owners of three vessels chartered to Nayara Energy have asked the Russian-backed firm to end their contracts following recent European Union sanctions on the refiner, six sources familiar with the matter said on Tuesday.

India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co (GESCO) have asked Nayara to release the three clean products tankers, citing concerns over the sanctions, five of the sources said.

The medium-range vessels are the Bourbon and Courage, owned and managed by Seven Islands, and GESCO's tanker Jag Pooja, sources said.

The sources declined to be named as they were not authorised to speak to the media.

Mumbai-based Nayara, Seven Islands and GESCO did not immediately respond to requests for comment.

Lack of access to ships is hampering efforts by the Indian refiner to sell its refined-fuel stocks, which are building up.

The EU sanctions package unveiled on July 18 against Russia and its energy sector have forced Nayara to reduce operations at its 400,000 barrels per day (bpd) refinery due to storage constraints, Reuters reported earlier on Tuesday.

Privately held Nayara, which runs India's third-biggest refinery at the port of Vadinar in the western state of Gujarat, controls nearly 8% of the country's total refining capacity of about 5.2 million bpd.

Nayara, majority-owned by Russian entities including oil major Rosneft, exports refined products and also supplies them domestically. Nayara operates more than 6,000 fuel stations.

(Reporting by Nidhi Verma and Mohi Narayan in New Delhi; Additional reporting by Trixie Yap in Singapore; Editing by Florence Tan, Tony Munroe and Bernadette Baum)

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SINGAPORE, July 28 (Reuters) - Middle East crude benchmark spot premiums of Oman and Dubai held steady on Monday, while that of Murban extended declines after hitting a near six-month peak last week.

Mangalore Refinery and Petrochemicals Ltd MRPL.NS has bought two Azeri Light crude cargoes from Trafigura for September delivery via a tender, trade sources said on Monday, a rare purchase of the grade for the Indian refiner.

The price for the 650,000-barrel cargoes was not immediately clear.

The purchase came after the grade's spot premiums slipped to their lowest level in four years following quality issues.

India's Hindustan Petroleum Corp HPCL.NS bought a total of four million barrels of West African crude last month, trade sources said.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps was unchanged at $2.93 a barrel.

PRICES ($/BBL)

NEWS

An OPEC+ panel is unlikely to alter existing plans to raise oil output when it meets on Monday, four OPEC+ delegates said, noting the producer group is keen to recover market share while summer demand is helping to absorb the extra barrels.

India's crude oil imports in June fell 4.7% month-on-month to 20.32 million metric tons, the lowest level since February, government data showed on Monday.

Russia's daily oil exports from its western ports are set to be around 1.77 million barrels per day (bpd) in August, down from 1.93 million bpd in July's plan, amid the expected rise in refinery runs, Reuters calculations based on data from two sources show.

Saudi Arabia, the world's biggest oil exporter, may hike crude oil prices for Asian buyers for the second month in a row, with September prices set to hit five-month highs on tight supply and robust demand, refining sources said.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

(Reporting by Siyi Liu in Singapore; Editing by Vijay Kishore)

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RECENT CRUDE OIL TRADES:
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Crude oil tenders in Asia                       CRU/TENDA
Crude oil supply outages in Asia                CRU/OUT-ASIA-O      
Refinery outages in Asia                        REF/OUT-ASIA-O      
Global arbitrage news and flows                 O/CRUDEARB      
W.African crude imports to Asia,  monthly       O/WAFRICA1      
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Japan     METI/JP1   China   O/CHINA1      
India     O/INDIA2   S.Korea O/KOREA1      
Indonesia O/INDO1-CRU         
                       
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Japan O/JAPAN1  US EIA/S  Europe O/EUROIL1      
                    
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OPEC output survey OPEC/O          New Africa fields    AFR/NEW 
New projects       ENERGY/NEW      New Americas  fields AM/NEW
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West Africa             CRU/WAF  North Sea            CRU/E      
Asia outlook            ASIA/CRU Europe outlook       EUR/CRU      
Global futures report   O/R      Technicals report    O/I      
                            
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For all Official Selling  Prices       OSP/O      
For a POLL on oil  prices              O/POLL      
NYMEX and ICE oil  futures             OILOIL      
TOCOM crude oil  futures               0#JCO:      
Dubai, Oman swaps and  spread          ASIA/SWAP/CRUDE      
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All Asian crude oil  differentials     0#C-DIF-A
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Repeats earlier story with no change to text

By Nidhi Verma, Mohi Narayan and Trixie Yap

NEW DELHI/SINGAPORE, July 21 (Reuters) - Indian private refiners that have leveraged cheap Russian crude to boost margins will be forced to find workarounds and rely more on traders to find new markets for their products after the latest round of European Union sanctions, traders and industry sources said.

Russia is India's top oil supplier, and refiners such as Reliance Industries RELI.NS and Nayara Energy have benefited in recent years from pressure on Russian crude prices from sanctions linked to its invasion of Ukraine. Many have then exported refined products to buyers in Europe.

However in its 18th package of sanctions against Russia, approved on Friday, the European bloc banned imports of refined petroleum products made from Russian crude coming from third countries, excluding a handful of Western nations.

It has also placed direct sanctions on Nayara Energy, a refinery backed by Russian oil major Rosneft ROSN.MM. The package will be phased in over six months.

Reliance, India's largest buyer of Russian oil and refined products exporter, shipped an average of 2.83 million barrels of diesel and 1.5 million barrels of jet fuel per month to Europe in the first seven months of this year, LSEG shiptracking data showed.

That roughly accounted for nearly 30% and 60% of its respective exports of the two products.

Nayara Energy typically exports four million barrels or more of refined products including diesel, jet fuel, gasoline and naphtha per month, though only jet fuel typically heads to European markets, LSEG and Kpler shiptracking data showed.

Under the sanctions, traders are likely to play a bigger role in placing refined products made from Russian crude, the sources said. Given the long phase-in time, they are likely to get creative with routes, they added.

For diesel, traders are likely to swap Indian supplies with Middle East cargoes for export to Europe, Singapore-based traders said. They may also ship Indian cargoes to floating storage facilities in the Middle East or West Africa to be re-exported, they added.

For jet fuel, Indian refiners may either divert cargoes to local markets or ship supplies to Asia, they said.

Reliance and Nayara did not immediately respond to requests for comment.

The changes will benefit traders by generating more trade flows, but will be costly for producers and consumers, said an Asian trader. Europe, heading into winter, may have to pay higher prices for refined fuel, he added.

Nayara said in a statement on Monday it condemned the EU's "unjust and unilateral" decision to impose sanctions on the company, while India said on Friday it does not support the EU's "unilateral sanctions".

Indian state refiners, which also buy Russian crude, are likely to be less affected by the sanctions as they sell most of their fuel locally and export through tenders, mostly to buyers in Asia, including Singapore, refining sources said.

Indian state refiner Mangalore Refinery and Petrochemicals Ltd MRPL.NS said the company's diesel exports were unlikely to be affected by the latest sanctions. Traders in recent months sold some of MRPL's diesel parcels in the UK, according to LSEG.

"We don't directly sell our diesel to the end customer. It is all picked up through a tendering process by a trader," managing director M Shyamprasad Kamath said, adding that he does not see problems in selling refined fuels due to the sanctions.

Following the EU sanctions, Nayara Energy amended the terms of a naphtha tender issued on Monday to obtain payment in advance, a tender document seen by Reuters showed.

(Reporting by Nidhi Verma and Mohi Narayan in New Delhi, Trixie Yap in Singapore; Editing by Florence Tan, Tony Munroe and Jan Harvey)

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** Mangalore Refinery and Petrochemicals MRPL.NS falls as much as 8.3% to 136.77 rupees; set to snap 4 sessions of gains

** Refiner reports consol Q1 net loss of 2.71 bln rupees ($31.4 mln) vs year-ago profit of 732.2 mln rupees; rev down 23.1% y/y

** Q1 throughput at 3.52 MMT vs year-ago 4.35 MMT

** Stock among two biggest pct losers on Nifty 500 index .NIFTY500

** MRPL up 0.5% YTD

($1 = 86.2850 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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SINGAPORE, July 11 (Reuters) - For spot tender news stories, click HOIL-O/TEND-O

For Naphtha tenders: NAP/TENDA Gasoline MOG/TENDA Fuel Oil FUEL/TENDA

To access the Oil Fundamentals Database, click OFD/INFO:

(Reporting by Trixie Yap)

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SINGAPORE, July 10 (Reuters) - For spot tender news stories, click HOIL-O/TEND-O

For Naphtha tenders: NAP/TENDA Gasoline MOG/TENDA Fuel Oil FUEL/TENDA

To access the Oil Fundamentals Database, click OFD/INFO:

(Reporting by Trixie Yap)

(([email protected];))

SINGAPORE, July 3 (Reuters) - For spot tender news stories, click HOIL-O/TEND-O

For Naphtha tenders: NAP/TENDA Gasoline MOG/TENDA Fuel Oil FUEL/TENDA

To access the Oil Fundamentals Database, click OFD/INFO:

(Reporting by Trixie Yap; Editing by Rashmi Aich)

(([email protected];))

SINGAPORE, June 13 (Reuters) - For spot tender news stories, click HOIL-O/TEND-O

For Naphtha tenders: NAP/TENDA Gasoline MOG/TENDA Fuel Oil FUEL/TENDA

To access the Oil Fundamentals Database, click OFD/INFO:

(Reporting by Trixie Yap)

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By Trixie Yap and Mohi Narayan

SINGAPORE, May 6 (Reuters) - India's diesel exports likely hit their lowest level in over a decade in April as major exporter Reliance cut refining output for maintenance at a time when domestic demand was robust, trade sources and analysts said.

India, one of Asia's top-three diesel exporters, exported around 1.15 million metric tons (9.69 million barrels) of the industrial and transportation fuel in April, an average of data from LSEG, Kpler, Vortexa and two trade sources showed.

This would be the lowest since February 2012 and a significant drop from a nearly 1-1/2 year high of 2.83 million tons registered in March, according to official data. DL-INEXP

Official export figures for April are due in the last week of May.

"The unexpectedly low outflows from India for April resulted in limited supplies heading for Asia and Europe," LSEG Oil Research senior analyst Charles Ong wrote in a note.

The drop in India's exports has partly supported Asia's spot 10-ppm gasoil premiums GO10-SIN-DIF for most of April to its highest level in more than three months, with values jumping from 16 cents to 90 cents per barrel.

Reliance Industries RELI.NS, operator of the world's largest refining complex at Jamnagar in western India, shut some of its refining units for maintenance in April.

The company's diesel exports slumped to 800,000 tons in April, according to two of the sources and LSEG.

Reliance did not immediately respond to a Reuters request for comment.

Mangalore Refinery and Petrochemicals MRPL.NS, which typically exports more than three 65,000-70,000-ton cargoes per month, sold only one cargo in April, Reuters data showed. MDIS/TENDA The rest were likely sold domestically, one of refinery sources said.

Indian refiners were further encouraged by higher jet fuel margins to produce more aviation fuel than diesel, he added.

Front-month regrade values, the discount between jet fuel and 10ppm sulfur gasoil, narrowed in April to around 80 cents a barrel from more than $1 a barrel in March. JETREG10SGMc1

For May, exports are expected to rebound to nearly 2 million tons, two of the sources said, as Reliance resumes production.

However, MRPL will start maintenance at one of its crude units which will cap diesel exports, one of them said.

(Reporting by Trixie Yap and Mohi Narayan; Editing by Florence Tan and Joe Bavier)

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Corrects paragraph to show throughput fell 4.5%, not rose

March 25 (Reuters) - Indian refiners' throughput in February fell 4.5% year on year to 5.12 million barrels per day (21.67 million metric tons), provisional government data showed on Tuesday.

REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):

Source: Ministry of Petroleum and Natural Gas

IOC: Indian Oil Corp IOC.NS

BPCL: Bharat Petroleum Corp Ltd BPCL.NS

HPCL: Hindustan Petroleum Corp Ltd HPCL.NS

CPCL: Chennai Petroleum Corp Ltd CHPC.NS

MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS

Reliance Industries Ltd RELI.NS

Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.

(Reporting by Rahul Paswan in Bengaluru
Editing by David Goodman)

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** Shares of Mangalore Refinery and Petrochemicals MRPL.NS rise 6.8% to 119.70 rupees

** Trading volume at 35.9 mln shares, over 17x the 30-day average

** MRPL sees busiest day since July 2024

** Reuters could not immediately ascertain the reason behind day's move

** Stock among top gainers on Nifty 500 index .NIFTY500

** MRPL down ~19% in 2025 vs 11.5% gains in 2024

(Reporting by Vijay Malkar)

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SINGAPORE, March 3 (Reuters) - For spot tender news stories, click HOIL-O/TEND-O

For Naphtha tenders: NAP/TENDA Gasoline MOG/TENDA Fuel Oil FUEL/TENDA

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