Indian refiners processed lower amounts of crude in April, provisional government data made public on Thursday showed, with throughput hitting a five-month low in barrel-per-day terms due to ongoing maintenance.
Refinery throughput in April fell 3.8% year-on-year to 5.07 million barrels per day (bpd), or 21.5 million tonnes.
In March, crude oil processed at 23 million tonnes was the highest since Reuters records going back to 2009.
“For the first time in 2023, Indian refiners saw some maintenance-driven downturn as CDUs at the Numaligarh and Mumbai refinery were down in May, bringing overall refinery runs lower after a string of months when utilization rates were higher than 100%,” said Viktor Katona, lead crude analyst at Kpler.
