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Petroleum products growing at a rate of 3-4%, says MRPL

Petroleum products are growing at a rate of 3-4 percent and liquefied petroleum gas (LPG),  petrochemical demand is also growing, said M Venkatesh, MD of Mangalore Refinery and Petrochemicals Limited (MRPL).
On buying oil from Iran, Venkatesh said that Iran is a part of the company's crude oil basket.
"We source crude oil from multiple sources and that’s the strategy being adopted for the past two decades,” he said.
Refineries are gearing up to meet the challenges, Venkatesh said, adding that the gross margins on a complex refinery basis are more or less protected.