Indian refineries processed 1.3 per cent more crude oil in November than a year ago, although the country’s largest refiner cut output because of low demand, official data showed.
Indian Oil Corp used only 90.6 per cent of the capacity of its seven refineries during the month, the oil ministry said in a statement.
Koyali refinery, IOC's largest, used 84 per cent of its capacity to process 275,000 barrels per day (bpd).
Total refinery throughput was 10.58 million tonnes, or about 2.57 million bpd, while domestic crude output at 623,000 bpd was 8.6 per cent lower than a year ago because a fire at an offshore platform reduced output since June.
India's refinery throughput was also hit by the planned maintenance of Reliance Industries’ 660,000-bpd Jamnagar refinery.
Reliance's crude distillation unit resumed operations on November 9, while its gasoline and LPG unit, the Fluidised Catalytic Cracking Unit, was shut throughout the month. The refinery, India's largest, used 84.4 percent of its capacity in November.
The maintenance shutdown at Reliance’s refinery, the country’s biggest exporter of refined products, lowered the surplus for exports in November.
Exports of diesel fell 26.5 per cent and petrol dropped 81 from the same month last year, but naphtha sales rose 24 percent as domestic demand fell.
“We now expect exports to rise as Reliance has resumed normal operations,” an official at a refining firm said.
Revised data for November showed that domestic sales of oil products fell 1 per cent. The government had earlier estimated that November sales rose 0.4 percent, from the same month last year.
