The plant at Mahul road in Chembur area of east Mumbai caught fire around 3 pm, they said.
Nine fire tenders, two foam tenders and two jumbo tankers were pressed into service to douse the blaze, said a Brihanmumbai Municipal Corporation (BMC) official.
The refinery's own fire-fighting team was also engaged in dousing the flames which were now under control, he said.
As many as 21 people were injured in the incident, he said, adding they were taken to nearby civil hospitals.
The blaze erupted in the compressor shed of the hydrocracker plant, as per the company statement.
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