Indian Oil boosts refinery run to 100% capacity in November

Indian Oil Corporation Ltd (IOC), the nation’s biggest oil firm, has boosted refinery run to 100% of the capacity as reopening of the economy spurred demand for fuel, a company statement said.

All the refineries of IOC operated at 100% of the capacity in November, up from 88.1% in the previous October month and 98.6% in the same period last year.

This festival season boosted demand for consumer goods, leading to more diesel-run trucks hitting the road to deliver everything – from clothes to air conditioners.

“The crude oil throughput of IOC refineries rose to 100% in November 2020 as consumption of all petroleum products has almost reached pre-Covid levels,” the statement said.