India’s April crude processing in biggest drop in at least nearly two decades
India’s crude oil processing in April slumped by 28.8% from a year earlier, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut production.
Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed.
The lockdown and travel curbs aimed at stemming spread of COVID-19 since March 25 forced people to stay home, cutting India’s fuel demand by 45.8% in April.
