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No disruption in oil flows to India, only freight up: HPCL head

No disruption in oil flows to India, only freight up: HPCL head
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Red Sea crisis: No disruption in oil flows to India, only freight up: HPCL head

Red Sea crisis: No disruption in oil flows to India, only freight up: HPCL head
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No impact of Red Sea crisis on crude oil supply to India except higher freight charges, says HPCL chairman

Hindustan Petroleum Corporation Ltd (HPCL) chairman Pushp Kumar Joshi has stated that Houthi militants attacks on ship vessels have not affected India s crude oil flows, despite the ongoing Red Sea attacks.

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How worried should India be about Red sea attacks on ships? HPCL boss explains

The Red Sea shipping route accounts for 50 per cent of the country's exports and 30 per cent of imports last fiscal. Domestic companies use the Red Sea route through the Suez Canal to trade with Europe, North America, North Africa and part of the Middle East.

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Red Sea Crisis: Red Sea Crisis: No disruption in oil flows to India, only freight up, says HPCL head

The attacks on shipping vessels in the Red Sea by Houthi militants have not affected India s crude oil supply, according to Hindustan Petroleum Corporation Ltd (HPCL) Chairman Pushp Kumar Joshi. He mentioned that although Russian ships and cargoes are not primary targets of the attacks, the rerouting of ships around the Cape of Good Hope has led to longer voyages, causing a shortage of ships and an increase in freight charges.

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