Indian refiners’ crude oil processing remained near record levels in February, provisional government data showed on Wednesday, catering to rising demand in the world’s third biggest oil importer and consumer.
Refinery throughput was 2% higher year-on-year at 5.46 million barrels per day (20.85 million tonnes) for February. Throughput stood at 5.39 million barrels per day (22.80 million tonnes)in January.
Crude oil processed in million barrels per day (bpd) terms, taking into account the fewer days in February, was the highest since Reuters records going back to 2009.
India’s fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia’s third biggest economy boosted by cheap Russian oil.
