Capacity utilisation at RIL and a few state-run refineries declined in February

Capacity utilisation at Reliance Industries Limited NSE -1.78 % (RIL) and a few state-run refineries declined in February amid weaker fuel demand and planned maintenance shutdown.

RIL’s refining complex in Jamnagar, the largest in the world, processed 14% less crude oil in February than it did a year ago, as per the petroleum and natural gas ministry’s monthly report. Crude oil processed at RIL facilities had declined 3% year-on-year in January while increasing 1% in the month before.