{"id":343494,"date":"2020-03-26T11:47:24","date_gmt":"2020-03-26T06:17:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343494"},"modified":"2020-03-26T11:47:24","modified_gmt":"2020-03-26T06:17:24","slug":"indian-oil-cuts-capacity-utilisation-by-25-30-as-fuel-demand-falls","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-cuts-capacity-utilisation-by-25-30-as-fuel-demand-falls\/","title":{"rendered":"Indian Oil cuts capacity utilisation by 25-30% as fuel demand falls"},"content":{"rendered":"<p>NEW DELHI: Indian Oil CorpNSE -0.64 %, the nation&#8217;s largest refiner, has cut capacity utilisation by 25-30% at its refineries as demand for petroleum products have dramatically fallen in the wake of the Coronavirus pandemic, the company said in a statement.<\/p>\n<p>&#8220;Upliftment of finished products from them in the last one week has helped up country bulk storage locations of the Corporation build up their stocks for future-readiness once the countrywide lockdown is lifted and the demand picks up again. The Corporation is keeping a close watch on global cues and the changing market scenario and initiating actions accordingly,&#8221; Indian Oil said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Indian Oil CorpNSE -0.64 %, the nation&#8217;s largest refiner, has cut capacity utilisation by 25-30% at its refineries as demand for petroleum products have dramatically fallen in the wake of the Coronavirus pandemic, the company said in a statement. &#8220;Upliftment of finished products from them in the last one week has helped up country bulk storage locations of the Corporation build up their stocks for future-readiness once the countrywide lockdown is lifted and the demand picks up again. The Corporation is keeping a close watch on global cues and the changing market scenario and initiating actions accordingly,&#8221; Indian [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-343494","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343494"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343494\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}