Throughput at IOC refineries rises to 100% in Nov on growing demand

Demand for petrol is now higher than last year, while demand for diesel continues to lag behind

State run refiner Indian Oil Corporation (IOC) on Thursday said crude oil throughput at its refineries rose to 100 per cent in November, with demand for petroleum products now close to pre-Covid levels.
 

“Consumption of all petroleum products has almost reached pre-Covid levels,” IOC said in its statement. It added, IOC’s refining utilisation in October was at 88 per cent and at 99 per cent in November 2019.
 

IOC noted demand for petrol is now higher than last year. In November, IOC said, sale of petrol was at 1.06 million tonne (MMT), 4 per cent higher compared to the year