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%.

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