Indian Oil Corporation Ltd (IOC), the nation’s biggest oil firm, has boosted refinery run to 100 per cent of the capacity as reopening of the economy spurred demand for fuel, a company statement said.
All the refineries of IOC operated at 100 per cent of the capacity in November, up from 88.1 per cent in the previous October month and 98.6 per cent in the same period last year.
This festival season boosted demand for consumer goods, leading to more diesel-run trucks hitting the road to deliver everything – from clothes to air conditioners.
“The crude oil throughput of IOC refineries rose to 100 per cent in November 2020 as consumption of all petroleum products has almost reached pre-Covid levels,” the statement said.
