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With gradual demand recovery, IOC rolls back refinery production cuts

The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end

Topics
Petroleum sector | petroleum imports | Indian Oil Corporation

Amritha Pillay  |  Mumbai 



Indian Oil Corporation, IOCL, IOC
Indian Oil Corporation logo outside a fuel station in New Delhi. Photo: Reuters

With the demand for petroleum products starting to recover, state-run (IOC) has started a roll-back of throughput cuts taken in the last two months. The company on Monday said it has raised utilization to 60 per cent, and plans to scale it up further by Month end.

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First Published: Mon, May 11 2020. 18:50 IST

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