India's crude oil refinery output rises 1.8% in March 2017

India's crude oil refinery output up 4.8% in FY2017

India's crude oil refinery output increased 1.8% to 21.45 mt in March 2017 over March 2016. The output of public sector refineries rose 0.2% to 11.68 mt, while the output of private refineries moved up 7.7% to 8.45 mt. However, the refinery output of public-private JV refiners dipped 14.9% to 1.33 mt in March 2017.

Among public refineries, the output of Indian Oil Corporation increased 9.8% to 6.08 mt, while the output of Hindustan Petroleum Corporation rose 0.9% to 1.56 mt in March 2017 over March 2016. However, the output of Mangalore Refineries declined 6.4% to 1.30 mt, Numaligarh Refineries 13.1% to 0.22 mt, Bharat Petroleum Corporation 14.0% to 1.75 mt and Chennai Petroleum Corporation 14.5% to 0.77 mt in March 2017.

Among private refiners, the output of Reliance Petroleum moved up 9.0% to 6.65 mt, while that of Essar Oil also improved 3.0% to 1.80 mt in March 2017 over March 2016.

Among JV refineries, the output of Bharat Oman fell 17.2% to 0.53 mt, while the output of HPCL Mittal also dipped 13.3% to 0.80 mt in March 2016.

The cumulative refinery output increased 4.8% to 238.96 mt in April-March 2017. The output of public refineries increased 7.5% to 129.21 mt, while that of private refineries moved up 2.5% to 94.02 mt. The refinery output of JV refineries fell 1.4% to 15.73 mt in April-March 2017. Among public refineries, the output of Indian Oil Corporation improved 10.7%, Bharat Petroleum Corporation 5.4%, Hindustan Petroleum Corporation 3.4%, Chennai Petroleum Corporation 6.9%, Numaligarh Refineries 5.3% and Mangalore Refineries 3.3%.

The overall capacity utilization was lower at 109.1% in March 2017 compared with 117.4% in March 2016, while it was also lower at 106.7% in April-March 2017 compared with 108.3% in April-March 2016.

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