Refining Throughput and LPG Sales Rise in Q2FY27
What happened
Total LPG sales reached 2.03 MMT during Q2FY27. The Mumbai Refinery processed 2.60 MMT of crude oil, operating at 109% of capacity, while the Visakh Refinery processed 3.60 MMT at 95% capacity utilization. Revenue from operations rose 26.1% year-over-year to Rs 1,39,140 crore in the quarter, and the gross refining margin before export cess surged to $32.15 per barrel.
From indiatimes.com
Why it matters
The strong operational performance, including high throughput and a surge in gross refining margins, signals robust market demand and favorable pricing for refined products. Combined sales of petrol and diesel grew 10% year-over-year to 7.78 MMT during the quarter.
From indiatimes.com
Who's involved
- Mumbai RefineryReported high crude oil throughput and contributed to the surge in gross refining margins.
- LPGReported total sales volume of 2.03 MMT during the quarter.
- Bharat PetroleumIs a peer in the Indian oil and gas industry.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- LPGSpeculative
LPG sales might benefit from robust market demand and favorable pricing.
- Mumbai RefinerySpeculative
The Mumbai Refinery might see increased revenue and gross refining margins due to high throughput.
- Bharat PetroleumSpeculative
Bharat Petroleum might face increased competitive pressure from peers due to the surge in gross refining margins.