New Delhi: Indian OilNSE -0.46 % has raised refineries’ production run rates to 60% from 45% last month and restarted some of its shuttered petrochemical units as demand picks up following the easing of lockdown, the company said, adding that the run could further expand to 80% by month-end.
Easing of nationwide lockdown that permitted people to step out of their homes and engage in economic activity in most parts of the country appears to have revived fuel demand that had witnessed a record fall in April.
“Even though the nationwide lockdown had severely impacted the entire value chain of petroleum products, IndianOil has kept all its refinery units on ‘hot’ standby to be ready for scale-up to higher throughputs once the
