Indian Oil eyes 100% crude processing within a quarter

Indian Oil Corp (IOC) said on Friday it was operating its refineries at 90% capacity as diesel sales were yet to reach pre-COVID-19 levels, but it expects to ramp up refining to full capacity within a quarter as demand picks up.

Indian state fuel retailers’ gasoline sales exceeded pre-pandemic levels in the first fortnight of July, as motorists took back to the roads after states eased COVID-19-related lockdowns.