NEW DELHI, Oct 9 (Reuters) – India’s Hindustan Petroleum Corp (HPCL.NS) will reduce its diesel purchases from different refiners because it has commissioned a 3 million tonnes every year (mtpa) hydrocracker at its lately upgraded Vizag refinery, its head of refineries S Bharathan stated on Monday.

State-owned HPCL buys fuels from refiners similar to Mangalore Refinery and Petrochemicals (MRPL.NS), Nayara Energy and Reliance Industries (RELI.NS) as its home gross sales are greater than the output from its two refineries at Mumbai in western India and Vizag within the southern state of Andhra Pradesh.

It additionally buys refined fuels from its three way partnership firm HPCL-Mittal Energy.

Vizag refinery will function at 13.5 mtpa capability within the present fiscal 12 months and at full capability of 15 mtpa within the subsequent fiscal, Bharathan stated.

The 3 mtpa hydrocracker will maximise diesel output and function at a fee of 1.5 mtpa within the second half of this fiscal 12 months to March, he stated including, that within the subsequent fiscal 12 months the hydrocracker will function at 2.4 mtpa capability.

Separately, Pushp Kumar Joshi, chairman of HPCL, stated the corporate hopes to fee a 5 mtpa liquefied pure gasoline terminal in western India in November-December.

India’s gas demand is anticipated to get well from this month on account of greater demand in the course of the competition season, Joshi stated.

HPCL has leased 300,000 tonnes of house at Vizag Strategic Petroleum Reserves, he added.

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