Indian oil refiners shut for work before likely demand pickup

Indian oil NSE 0.78 % refiners are taking advantage of weak demand due to the virus resurgence to carry out maintenance in anticipation of a revival in fuel consumption in the coming months.

Bharat Petroleum NSE -0.01 % has lined up work at its plants across India, while Hindustan Petroleum Corp. is completing pending repairs and an expansion of its Mumbai refinery. There’s no set season for maintenance in India, although processors often do it around March and April.