India's crude oil refinery output declines 2.3% in February 2017

Crude oil refinery output improves 5.2% in April-February FY2017

India's crude oil refinery output declined 2.3% to 18.71 mt in February 2017 over February 2016. The output of public sector refineries fell 3.7% to 10.17 mt, while the output of private refineries dipped 3.1% to 7.26 mt. However, the refinery output of public-private JV refiners moved up 17.0% to 1.28 mt in February 2017.

Among public refineries, the output of Chennai Petroleum Corporation dipped 49.4% to 0.44 mt, while the output of Mangalore Refineries plunged 5.7% to 1.19 mt, and Hindustan Petroleum Corporation 1.8% to 1.38 mt in February 2017 over February 2016. However, the output of Numaligarh Refineries moved up 1.9% to 0.21 mt, Indian Oil Corporation 1.9% to 4.99 mt and Bharat Petroleum Corporation 2.0% to 1.95 mt in February 2017.

Among private refiners, the output of Reliance Petroleum declined 4.1% to 5.71 mt, while that of Essar Oil rose 0.7% to 1.55 mt in February 2017 over February 2016. Among JV refineries, the output of Bharat Oman fell 3.8% to 0.46 mt, while the output of HPCL Mittal moved up 33.3% to 0.82 mt in February 2016.

The cumulative refinery output increased 5.2% to 217.57 mt in April-February 2017. The output of public refineries increased 8.3% to 117.54 mt, while that of private refineries moved up 2.0% to 85.57 mt. The refinery output of JV refineries rose 0.5% to 14.46 mt in April-February 2017. Among public refineries, the output of Indian Oil Corporation improved 10.9%, Bharat Petroleum Corporation 7.3%, Hindustan Petroleum Corporation 3.7%, Chennai Petroleum Corporation 9.3%, Numaligarh Refineries 7.3% and Mangalore Refineries 4.3%.

The overall capacity utilization was lower at 107.9% in February 2017 compared with 114.5% in February 2016, while it was also lower at 106.4% in April-February 2017 compared with 107.4% in April-February 2016.

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