MRPL declares force majeure on gasoline export cargoes for March, April, traders say
The Hindu
MRPL declares force majeure on March and April gasoline exports due to U.S.-Iran conflict affecting crude oil flows.
Mangalore Refinery and Petrochemicals declared force majeure on all gasoline export cargoes for March and April amid conflict between U.S. and Iran that has upended crude oil flows from the Gulf, traders said on Wednesday (March 4, 2026).
The two traders, who deal with the company and said they received a notice from them, said MRPL invoked force majeure, a legal term which allows a company to invoke circumstances outside of their control to not fulfil a contract, for its gasoline exports for March and April.
The state-run refiner, which operates a 500,000-barrel-per-day refinery in the southern state of Karnataka, exports about 40% of its refined fuel output.
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MRPL did not immediately respond to Reuters’ email request for a comment. A source with the company, who asked to remain unidentified, confirmed the force majeure.
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