{"id":366029,"date":"2020-08-03T11:22:24","date_gmt":"2020-08-03T05:52:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366029"},"modified":"2020-08-03T13:13:28","modified_gmt":"2020-08-03T07:43:28","slug":"indian-oil-corp-to-continue-to-operate-its-refineries-below-capacity-in-2020-21","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-corp-to-continue-to-operate-its-refineries-below-capacity-in-2020-21\/","title":{"rendered":"Indian Oil Corp to continue to operate its refineries below capacity in 2020\/21"},"content":{"rendered":"<p>NEW DELHI: Domestic oil demand would not return to pre-Covid levels any time soon due to rapidly rising infections and local lockdowns, which would in turn keep IndianOil\u2019s refinery run rate at 70-75%, lower than 93% seen in July, chairman S M Vaidya said.<\/p>\n<p>\u201cIt&#8217;s very difficult to predict but, of course, one thing is sure that we will not get back to normal times at least in the near future,\u201d Vaidya said of future oil demand. The Centre has been easing nationwide lockdown in phases but imposition of local lockdowns by several states have restricted mobility, economic activity and the demand for fuel. This has now slammed brakes on the rapid recovery in fuel demand seen during May and June. The rate of Covid-19 infections in the country has accelerated with about 50,000 cases being reported daily.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Domestic oil demand would not return to pre-Covid levels any time soon due to rapidly rising infections and local lockdowns, which would in turn keep IndianOil\u2019s refinery run rate at 70-75%, lower than 93% seen in July, chairman S M Vaidya said. \u201cIt&#8217;s very difficult to predict but, of course, one thing is sure that we will not get back to normal times at least in the near future,\u201d Vaidya said of future oil demand. The Centre has been easing nationwide lockdown in phases but imposition of local lockdowns by several states have restricted mobility, economic activity and [&hellip;]<\/p>\n","protected":false},"author":40,"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-366029","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\/366029","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=366029"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366029\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}