{"id":389153,"date":"2020-12-11T10:48:52","date_gmt":"2020-12-11T05:18:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=389153"},"modified":"2020-12-11T12:09:37","modified_gmt":"2020-12-11T06:39:37","slug":"ioc-refineries-reach-full-throttle-in-november-on-steady-demand-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-refineries-reach-full-throttle-in-november-on-steady-demand-growth\/","title":{"rendered":"IOC refineries reach full throttle in November on steady demand growth"},"content":{"rendered":"<p>NEW DELHI: IndianOil Corporation\u2019s (IOC) refineries reached full throttle in November as all its 11 units worked at 100% capacity, against 98.6% in the year-ago period, on the back of a sustained rebound in demand for fuel and other products.<br \/>\n\u201cThe Indian economy continues to witness the green shoots of revival. As we get closer to the Covid-19 vaccine rollout, the fundamentals of the economy being strong, we see a rapid V-shaped recovery in the overall consumption of petroleum products,\u201d company chairman S M Vaidya said on Tuesday.<br \/>\nIndianOil\u2019s refinery rate is considered a bellwether for fuel consumption as it is India\u2019s largest oil refiner and fuel retailer with a capacity to process 1.6 million barrels a day of oil, or about a third of the country\u2019s daily intake. Capacity utilisation had reached 88% in October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: IndianOil Corporation\u2019s (IOC) refineries reached full throttle in November as all its 11 units worked at 100% capacity, against 98.6% in the year-ago period, on the back of a sustained rebound in demand for fuel and other products. \u201cThe Indian economy continues to witness the green shoots of revival. As we get closer to the Covid-19 vaccine rollout, the fundamentals of the economy being strong, we see a rapid V-shaped recovery in the overall consumption of petroleum products,\u201d company chairman S M Vaidya said on Tuesday. IndianOil\u2019s refinery rate is considered a bellwether for fuel consumption as it [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-389153","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389153","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=389153"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389153\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=389153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=389153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=389153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}