India's crude oil refinery output falls 0.6% in November 2016

Crude oil refinery output rises 6.9% in April-November 2016

India's crude oil refinery output declined 0.6% to 19.36 million tonnes (mt) in November 2016 over November 2015. The output of public sector refineries improved 8.2% to 10.96 mt, but the output of private refineries dipped 6.8% to 7.50 mt. Further, the refinery output of public-private JV refiners plunged 30.5% to 0.90 mt in November 2016.

Among public refineries, the output of Indian Oil Corporation increased 7.4% to 5.00 mt, while the output of Bharat Petroleum Corporation moved up 11.2% to 2.16 mt and Hindustan Petroleum Corporation 1.5% to 1.45 mt in November 2016 over November 2015. The output of Chennai Petroleum Corporation also inched up 17.0% to 0.79 mt, while that of Numaligarh Refineries moved up 22.4% to 0.27 mt, and Mangalore Refineries 7.2% to 1.30 mt in November 2016.

Among private refiners, the output of Reliance Petroleum fell 8.0% to 5.82 mt, while that of Essar Oil declined 2.7% to 1.68 mt in November 2016 over November 2015. Among JV refineries, the output of Bharat Oman dipped 70.7% to 0.13 mt, while the output of HPCL Mittal also fell 9.4% to 0.77 mt in November 2015.

The cumulative refinery output increased 6.9% to 157.86 mt in April-November 2016. The output of public refineries increased 10.9% to 85.06 mt, while that of private refineries moved up 3.7% to 62.42 mt. The refinery output of JV refineries declined 3.2% to 10.37 mt in April-November 2016. Among public refineries, the output of Indian Oil Corporation improved 13.0%, Bharat Petroleum Corporation 7.9%, Hindustan Petroleum Corporation 5.0%, Chennai Petroleum Corporation 19.0%, Numaligarh Refineries 5.9% and Mangalore Refineries 9.4%.

The overall capacity utilization was lower at 105.3% in November 2016 compared with 110.8% in November 2015, while it was higher at 105.6% in April-November 2016 compared with 104.9% in April-November 2015.

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