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Indian Refiner MRPL Declares Force Majeure on Gasoline Exports
Indian state-run refiner Mangalore Refinery and Petrochemicals Limited (MRPL) has declared force majeure on all planned gasoline export cargoes for March and April as the Middle East war is halting crude supply out of the Gulf, Reuters reported on Wednesday, citing traders. MRPL operates a refinery with a capacity of 500,000 barrels per day (bpd) in the state of Karnataka in southern India and exports about 40% of all fuel produced at the site. The refiner has already awarded through tenders up to three…