Hindustan Petroleum Corporation Ltd. (HPCL) is planning to re-commence a 60,000 barrels-per-day fire-hit crude unit at its Visakhapatnam (Vizag) refinery by the end of June, report said, quoting a company source. The crude unit was shut on May 16, following a fire that hit a pipeline attached to the unit. "The first assessment is scheduled for mid-June. After that, we will get a clear picture," said the source, adding that the aim is to restart the unit by the last week of June.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.