Capacity utilisation at domestic refineries continues to rise in July

Capacity utilisation at domestic refineries rose to 91% in July compared to 83% a year earlier as fuel demand returned after lockdown restrictions were eased.

The average utilisation at Indian Oil Corp NSE 0.57 %, the nation’s largest refiner, increased to 96% from 91% in July last year, as per the official data. Reliance Industries NSE 1.12 %, the owner of the world’s largest refining complex, operated at 87% in July compared to 74% in the same month last year. Its export-only unit operated at 76% while its other unit ran at 98%.