India's crude oil refinery output rises 7.7% in July 2016

India's crude oil refinery output moves up 8.5% in April-July 2016

India's crude oil refinery output increased 7.7% to 20.41 mt in July 2016 over July 2015. The output of public sector refineries surged 15.5% to 10.97 mt, while the output of private refineries also gained 2.0% to 8.11 mt. The refinery output of public-private JV refiners declined 11.8% to 1.33 mt in July 2016.

Among public refineries, the output of Chennai Petroleum Corporation jumped 32.4% to 0.93 mt, while the output of Hindustan Petroleum Corporation moved up 28.5% to 1.34 mt, and Mangalore Refineries 19.7% to 1.23 mt in July 2016 over July 2015. The output of Indian Oil Corporation also inched up 14.4% to 5.19 mt, and Bharat Petroleum Corporation 5.3% to 2.03 mt, but that of Numaligarh Refineries declined 3.6% to 0.24 mt in July 2016.

Among private refiners, the output of Reliance Petroleum increased 3.8% to 6.44 mt, while that of Essar Oil declined 4.4% to 1.67 mt in July 2016 over July 2015.

Among JV refineries, the output of Bharat Oman declined 30.5% to 0.42 mt, while the output of HPCL Mittal rose 0.8% to 0.91 mt in July 2015.

The cumulative refinery output increased 8.5% to 79.42 mt in April-July 2016. The output of public refineries increased 11.9% to 42.73 mt, while that of private refineries rose 4.5% to 31.22 mt. The refinery output of JV refineries moved up 7.4% to 5.46 mt in April-July 2016. Among public refineries, the output of Numaligarh Refineries, Hindustan Petroleum Corporation, Indian Oil Corporation, Bharat Petroleum Corporation, and Chennai Petroleum Corporation rose, while that of Mangalore Refineries was flat.

The overall capacity utilization was higher at 108.6% in July 2016 compared with 102.5% in July 2015, while it was also higher at 106.0% in April-July 2016 compared with 104.5% in April-July 2015.

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