HPCL shifts crude buying as tanker freight reaches $9 per barrel

In this short

• FUEL POLICY HPCL changes how it buys crude The refiner says almost all current purchases are on a delivered basis as freight and shipping risks rise.
• THE NUMBER Suezmax freight climbed sharply $9 per barrel HPCL said Q2 FY27 shipping costs were sharply higher than in the previous quarter.
• WHAT CHANGED Suppliers carry more delivery risk Delivered cargoes put more of the shipping decision into the supplier’s quote, except where HPCL can ship…
• DRIVER IMPACT No automatic pump-price move The update is a procurement decision, not a new petrol or diesel rate for motorists.
• READ THE FULL STORY Separate freight from fuel price See what HPCL’s move means for the next fill-up and trip-cost calculation.
• READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.