Crude oil volumes processed by Indian refiners remained steady in February at 20.9 million metric tonnes (MMT), data released by the Petroleum Planning and Analysis Cell (PPAC) on Wednesday showed. Processed volumes rose by a marginal 0.14 per cent as compared to 20.8 MMT processed in February 2023. On a sequential basis however, volumes fell 7.48 per cent from January’s 22.5 MMT.
Out of the total volume processed in February, government-owned oil public sector undertakings (PSUs) and joint ventures accounted for 14.3 MMT, while private refiners processed 6.5 MMT of crude oil.
