Refining capacity utilisation increased to 110% in May from 93% a year earlier as companies stepped up to meet a demand surge at home and abroad, showed official data. State-run refineries operated at 113% of their nameplate capacity, up from 87% last May.
At private refiners, the utilisation increased to 104% from 102%. Bharat Petroleum Corporation’s run at 116% was the highest among all companies. The average run was 111.5% at Indian Oil Corporation NSE -3.65 % and 112.5% at Hindustan Petroleum Corporation NSE -1.20 %.