Indian Oil cranks up refinery runs to over 80% as demand doubles in May

State-run Indian Oil Corporation (IOC) on Wednesday said throughput at its refineries has crossed 80 per cent as demand for petroleum products doubled in May.

Also, with its Guwahati refinery coming online after a maintenance shutdown, it aims to operate its refineries at an average capacity of 90 per cent this month.

“Crude oil throughput of IndianOil refineries crossed 80 per cent as on date, with consumption of all petroleum products put together almost doubling in May 2020 as compared to April 2020 levels,” the country’s top refiner said in a statement.

As of May, the company’s throughput was at 55 per cent of its rated capacity. It rose to 78 per cent by May-end. “Capacity utilisation at the refineries had dropped to almost 39 per cent in the beginning of April,” the company said.