NEW DELHI : With country’ petroleum product demand doubling in May, India’s largest refiner Indian Oil Corporation Ltd (IOC) on Wednesday said its refineries are operating at 83% of their capacity.
This comes in the backdrop of Indian economy slowing coming back to life after the world’s strictest lockdown. The state owned refiner had slashed its refining capacity to 39%, following a sharp drop in India’s petroleum product demand because of the coronavirus outbrea.
“The crude oil throughput of IndianOil refineries crossed 80% as on date, with consumption of all petroleum products put together almost doubling in May ’20 as compared to April ’20 levels,” IOC said in a statement.
