Indian Refiner MRPL Declares Force Majeure on Gasoline Exports Amid Supply Disruptions

Key Facts

1Mangalore Refinery and Petrochemicals Limited (MRPL) declared force majeure on planned gasoline export cargoes for March and April.

2The cause is the Middle East war halting crude supply out of the Gulf.

3The refinery exports about 40% of all fuel produced at the 500,000 bpd capacity site.

Mangalore Refinery and Petrochemicals Limited (MRPL) has officially declared force majeure on its planned gasoline export cargoes for March and April. The state-run Indian refiner cited the ongoing conflict in the Middle East as the primary cause, which has significantly disrupted crude oil supplies from the Gulf region. This disruption has forced the refinery to suspend its export commitments as it faces a critical shortage of feedstock. The MRPL facility, which boasts a capacity of 500,000 barrels per day, typically exports approximately 40% of its total fuel production. Market analysts expect this reduction in supply to tighten the regional gasoline market, potentially driving up prices and refining margins. The move highlights the growing impact of geopolitical tensions on global energy supply chains and refining operations.