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Govt : Refiners processed 2.2 Percent less crude in April vs year ago

Refiners processed 2.2 per cent less oil in April than a year earlier at 4.29 million barrels per day (bpd), according to government data published on Friday, mainly due to maintenance shutdowns at some plants and soft demand. The government data included estimated crude processing by Reliance Industries' 580,000-bpd export-focused plant. Reliance's two refineries at Jamnagar account for about 30 per cent of the country's refining capacity. The country's crude oil output during the month declined marginally to about 758,500 bpd, accounting for a fraction of the overall needs of the world's fourth-biggest crude importer. Natural gas output fell 7.7 per cent to 2.77 billion cubic metres in April from a year earlier.

Source-On Request