Crude oil sourcing presently volatile; procuring more on landed basis: HPCL Chief

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Hindustan Petroleum Corporation is facing volatility in crude oil sourcing and is procuring more oil on a landed basis rather than FOB terms, according to CMD Vikas Kaushal. The company is also relying on term contracts as it manages sourcing conditions.

Vikas Kaushal, Chairman and Managing Director (CMD) informed the state-owned OMC is procuring more on landed basis than on FOB basis and term contracts