{"id":414530,"date":"2021-05-12T10:30:26","date_gmt":"2021-05-12T05:00:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414530"},"modified":"2021-05-12T11:08:44","modified_gmt":"2021-05-12T05:38:44","slug":"indian-oil-cuts-output-imports-as-covid-19-pandemic-hits-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-cuts-output-imports-as-covid-19-pandemic-hits-demand\/","title":{"rendered":"Indian oil cuts output, imports as Covid-19 pandemic hits demand"},"content":{"rendered":"<p>India&#8217;s top oil refiners are reducing processing runs and crude imports as the surging COVID-19 pandemic has cut fuel consumption, leading to higher product stockpiles at the plants, company officials told Reuters on Tuesday. <\/p>\n<p>Indian Oil Corp, the country&#8217;s biggest refiner, has reduced runs to an average of between 85% and 88% of processing capacity, a company official said, adding runs could be cut further as some plants are facing problems storing refined oil products. <\/p>\n<p>IOC&#8217;s refineries were operating at about 95% of their capacity in late April.<\/p>\n<p>&#8220;We do not anticipate that our crude processing would be reduced to last year&#8217;s level of 65%-70% as inter-state vehicle movement is still there &#8230; (the) economy is functioning,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s top oil refiners are reducing processing runs and crude imports as the surging COVID-19 pandemic has cut fuel consumption, leading to higher product stockpiles at the plants, company officials told Reuters on Tuesday. Indian Oil Corp, the country&#8217;s biggest refiner, has reduced runs to an average of between 85% and 88% of processing capacity, a company official said, adding runs could be cut further as some plants are facing problems storing refined oil products. IOC&#8217;s refineries were operating at about 95% of their capacity in late April. &#8220;We do not anticipate that our crude processing would be reduced to [&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":[139,130,187],"tags":[],"class_list":["post-414530","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414530","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=414530"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414530\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}