Domestic crude production down 6% in the fiscal

By: |
January 11, 2021 6:15 AM

India imported 3.7 mb/d of crude oil during 8M-FY21 compared with 4.5 mb/d during 8M-FY20.

Refineries processed 4.2 mb/d over the period compared with 5.1 mb/d of crude processed during 8M-FY20.Refineries processed 4.2 mb/d over the period compared with 5.1 mb/d of crude processed during 8M-FY20.

Domestic crude oil production has fallen by 6% over the April-November period compared with 5.9% de-growth during 8M-FY20.

India imported 3.7 mb/d of crude oil during 8M-FY21 compared with 4.5 mb/d during 8M-FY20.

Refineries processed 4.2 mb/d over the period compared with 5.1 mb/d of crude processed during 8M-FY20.

However, the overall macros for crude oil improved during November’20, with throughput rising 13% on a m-o-m basis and the capacity utilisation of refineries reaching 100%.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Raw jute crisis: Govt may have to spend Rs 2,000 crore more to procure bags
2Gold price today: Yellow metal trades higher, follows international trends; may touch Rs 48,500 soon
3Madhya Pradesh revokes ban on soyabean seed sale outside state