India's crude oil refinery output jumps 13% in October 2016

India's crude oil refinery output rises 8.1% in April-October 2016

India's crude oil refinery output increased 13.0% to 20.45 mt in October 2016 over October 2015. The output of public sector refineries improved 20.6% to 11.28 mt, while the output of private refineries also moved up 6.5% to 7.78 mt. However, the refinery output of public-private JV refiners declined 3.7% to 1.38 mt in October 2016.

Among public refineries, the output of Mangalore Refineries jumped 55.4% to 1.30 mt, while the output of Chennai Petroleum Corporation moved up 54.4% to 0.94 mt, and Bharat Petroleum Corporation 24.9% to 2.13 mt in October 2016 over October 2015. The output of Indian Oil Corporation also inched up 17.6% to 5.31 mt, but that of Hindustan Petroleum Corporation declined 3.8% to 1.40 mt, and Numaligarh Refineries plunged 13.5% to 0.20 mt in October 2016.

 

Among private refiners, the output of Reliance Petroleum fell 8.5% to 6.12 mt, while that of Essar Oil zoomed 166.7% to 1.67 mt in October 2016 over October 2015.

Among JV refineries, the output of Bharat Oman moved up 2.6% to 0.57 mt, but the output of HPCL Mittal fell 7.7% to 0.81 mt in October 2015.

The cumulative refinery output increased 8.1% to 138.49 mt in April-October 2016. The output of public refineries increased 11.3% to 74.10 mt, while that of private refineries moved up 5.3% to 54.92 mt. The refinery output of JV refineries rose 0.5% to 9.47 mt in April-October 2016. Among public refineries, the output of Indian Oil Corporation improved 13.8%, Bharat Petroleum Corporation 7.4%, Hindustan Petroleum Corporation 5.6%, Chennai Petroleum Corporation 19.3%, Numaligarh Refineries 3.2% and Mangalore Refineries 9.8% .

The overall capacity utilization was higher at 107.6% in October 2016 compared with 100.3% in October 2015, while it was also higher at 105.7% in April-October 2016 compared with 104.1% in April-October 2015.

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