Home / Economy / News / April refinery output down 29%, natural gas falls 19% as consumption tapers

April refinery output down 29%, natural gas falls 19% as consumption tapers

Industry experts say consumption of petroleum products in April was only 30-40% of what it had been prior to lockdown

Premium

Production in joint venture refineries during April, 2020 were 9.3 MT which was 46 per cent lower than the production achieved in the corresponding month of last year

Shine Jacob New Delhi

3 min read Last Updated : May 23 2020 | 10:12 PM IST

The steep decline in fuel consumption due to the Covid-19 lockdown had pulled down India’s refinery production during the month of April by 29 per cent to 14.7 million tonne (MT), from 20.7 MT in April 2019. Similarly, due to lower gas off take by consumers, India’s natural gas production in April 2020 was 19 per cent down, at 2,161 million metric standard cubic meter (mmscm) as against 2,656 mmscm during the same time last financial year.

The decline in natural gas production was also due to force majeure clauses invoked by several consumers. According to industry experts, the consumption

Topics : Coronavirus Fuel refinery natural gas Crude oil consumption Indian Oil Corp ONGC crude oil production

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in