OIL & GAS

Indian Oil refineries operating at 84% capacity

Indian Oil Corp Ltd is operating its refineries at 84% of their capacity, the chairman of India’s largest refiner said on Wednesday. Shrikant Madhav Vaidya said it was “difficult to say” when fuel demand would return to normal levels.

Domestic sales of gasoline and diesel by Indian state refiners plunged by a fifth in the first half of May from a month earlier as lockdowns to curb coronavirus infections hit industrial activities and consumption.

Source
Times Of India
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