IOC refineries ran at 100 % capacity last month
15 Dec 2020
2 Min Read
CW Team
In a recent statement issued by Indian Oil Corporation Ltd (IOC), the country鈥檚 biggest oil company, the firm stated that they have bolstered their refinery run to 100 % of the capacity on account of reopening of the economy that has spurred a subsequent demand for fuel.
In November, all refineries of Indian Oil Corporation Ltd (IOC) functioned at 100 % of the capacity, a figure that was up from the previously registered number of 88.1% in October of last year and 98.6% during the same period in the previous year.
A surge in demand for consumer goods stemming from the onset of the festival season has led to more diesel-powered trucks getting on the road to deliver a wide range of products that range from clothes to electronic goods such as air conditioners.
The statement further said that the crude oil throughput of the firm鈥檚 refineries rose to cent % in November 2020 as the utilization of all petroleum derivatives and goods almost neared pre-COVID levels. IOC has 11 of the nation鈥檚 23 refineries and holds a combined refining capacity of 80.7 mmtpa.
The nationwide lockdown that had been put in place to check the spread and transmission of the coronavirus had resulted in refinery runs falling to almost half of their capacities immediately after. Additionally, the lockdown resulted in factories getting shut down and subsequently sent the majority of vehicles off-road, cutting down on fuel demand in the process.
The sales of diesel, however, went 9% lower than what they registered in November 2019. Apart from petrol sales, Aviation Turbine Fuel (ATF) also recorded a growth of around 4% from October 2020, ending up at 233,000 tonne.
Along with the growth in consumption of white oils such as ATF, petrol, and diesel, a concomitant improvement was also witnessed in demand for black oils and related specialty products such as bitumen, sulfur, fuel oil, and pet coke added to the statement.
In a recent statement issued by Indian Oil Corporation Ltd (IOC), the country鈥檚 biggest oil company, the firm stated that they have bolstered their refinery run to 100 % of the capacity on account of reopening of the economy that has spurred a subsequent demand for fuel.
In November, all refineries of Indian Oil Corporation Ltd (IOC) functioned at 100 % of the capacity, a figure that was up from the previously registered number of 88.1% in October of last year and 98.6% during the same period in the previous year.
A surge in demand for consumer goods stemming from the onset of the festival season has led to more diesel-powered trucks getting on the road to deliver a wide range of products that range from clothes to electronic goods such as air conditioners.
The statement further said that the crude oil throughput of the firm鈥檚 refineries rose to cent % in November 2020 as the utilization of all petroleum derivatives and goods almost neared pre-COVID levels. IOC has 11 of the nation鈥檚 23 refineries and holds a combined refining capacity of 80.7 mmtpa.
The nationwide lockdown that had been put in place to check the spread and transmission of the coronavirus had resulted in refinery runs falling to almost half of their capacities immediately after. Additionally, the lockdown resulted in factories getting shut down and subsequently sent the majority of vehicles off-road, cutting down on fuel demand in the process.
The sales of diesel, however, went 9% lower than what they registered in November 2019. Apart from petrol sales, Aviation Turbine Fuel (ATF) also recorded a growth of around 4% from October 2020, ending up at 233,000 tonne.
Along with the growth in consumption of white oils such as ATF, petrol, and diesel, a concomitant improvement was also witnessed in demand for black oils and related specialty products such as bitumen, sulfur, fuel oil, and pet coke added to the statement.
Image Source
Next Story
Mumbai-Ahmedabad Bullet Train Set to Launch by 2028
India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..
Next Story
Mumbai-Gandhinagar Train Service Enhances Passenger Capacity
The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...
Next Story
Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently
Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..
