IOC, HPCL reduce refinery throughput by up to 30%, BPCL to follow

Following the outbreak of Covid-19 and the subsequent lockdown since March 22, the country’s oil marketing companies (OMC) have seen significant drop in the demand for diesel, petrol and aviation turbine fuel (ATF), which has led to reduction in the production of these refined products by up to 30%.

Indian Oil Corporation (IOC) has cut its refined throughput by 25-30% as the demand for petroleum products like petrol, diesel, fuel oil, bitumen, etc fell substantially. The demand for ATF has also come down sharply due to suspension of flights.