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Eastern Refinery Limited (ERL), the country's only state-owned oil refinery, has refined 15.35 lakh tonnes of crude oil in the 2024–25 fiscal year, exceeding its annual target by 35,000 tonnes.

Black and White shot of the inner workings of a refinery. Royalty-free licenses let you pay once to use copyrighted images and video clips in personal and commercial projects on an ongoing basis ...

Oil prices were falling after recent gains. The market faces as risk that Iran retaliates against Israel airstrikes by closing the Strait of Hormuz, which is critical to global energy shipments.