(Reuters) -Indian refiners’ crude oil throughput rose in January, holding near 21-month highs reached in November, with fuel demand and refinery runs expected to grow further on the back of a strong economic recovery.
Crude oil throughput in January was however down 0.5% year-on-year to 5.13 million barrels per day (21.71 million tonnes), government data showed on Wednesday.
Throughput in January was 1% higher from December levels and holding near November’s 5.25 million bpd.
“It shows continued recovery,” said Refinitiv analyst Ehsan Ul Haq, adding that although high oil prices are a drag, the end of COVID-19 restrictions bode well for demand and crude throughputs.
