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The ongoing attacks on shipping vessels by Houthi militants in the Red Sea have not impacted the flow of crude oil to India but freight has gone up due to rerouting via the Cape of Good Hope, Hindustan Petroleum Corporation Ltd (HPCL) chairman Pushp Kumar Joshi said.
India, the world s
Red Sea crisis: No disruption in oil flows to India, only freight up, says HPCL head tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
Red Sea Crisis: 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.
India Business News: During a post-third quarter earnings call with investors, HPCL chairman assured that there are no supply disruptions despite the ongoing Red Sea crisi