India’s crude oil processing hit 4-month low in February

India’s crude oil processing fell to its lowest in four months in February, retreating from a near one-year high hit in the prior month hurt by higher crude prices and weaker fuel demand in the country.

Crude oil throughput in February dropped 8.8% year-on-year to 4.87 million barrels per day (18.62 million tonnes), provisional government data showed on Friday.

On a monthly basis, throughput fell 5.6%. There is a variation in percentage change as February 2020 had 29 days.