Production of refinery products/petro products has fallen by 13.5% over the April-December period.
Cumulative capacity utilisation has been at around 85.6%, compared with 101.6% in FY20.
Overall consumption of petroleum products has fallen by 12.6% in 9MFY21. However, the positive sentiment emanating from December numbers has raised prospects for high growth in the coming months, CARE Ratings has said.
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