India's crude oil refinery output rises 5.3% in December 2016

Crude oil refinery output up 6.7% in April-December 2016

India's crude oil refinery output increased 5.3% to 20.73 million tonnes (mt) in December 2016 over December 2015. The output of public sector refineries improved 11.2% to 11.39 mt, while the output of private refineries dipped 3.0% to 7.89 mt. Further, the refinery output of public-private JV refiners moved up 11.0% to 1.45 mt in December 2016.

Among public refineries, the output of Chennai Petroleum Corporation increased 48.1% to 0.70 mt, while the output of Bharat Petroleum Corporation moved up 12.7% to 2.19 mt and Indian Oil Corporation 12.3% to 5.36 mt in December 2016 over December 2015. The output of Numaligarh Refineries also inched up 11.2% to 0.26 mt and Hindustan Petroleum Corporation 7.7% to 1.54 mt, but the output of Mangalore Refineries declined 3.5% to 1.33 mt in December 2016.

 

Among private refiners, the output of Reliance Petroleum fell 3.0% to 6.20 mt, while that of Essar Oil declined 3.3% to 1.70 mt in December 2016 over December 2015. Among JV refineries, the output of Bharat Oman jumped 28.0% to 0.58 mt, while the output of HPCL Mittal rose 2.0% to 0.87 mt in December 2015.

The cumulative refinery output increased 6.7% to 178.59 mt in April-December 2016. The output of public refineries increased 10.9% to 96.45 mt, while that of private refineries moved up 2.9% to 70.32 mt. The refinery output of JV refineries declined 1.7% to 11.82 mt in April-December 2016. Among public refineries, the output of Chennai Petroleum Corporation improved 21.2%, Indian Oil Corporation 12.9%, Bharat Petroleum Corporation 8.4%, Mangalore Refineries 7.7%, Numaligarh Refineries 6.5% and Hindustan Petroleum Corporation 5.4%.

The overall capacity utilization was lower at 109.7% in December 2016 compared with 110.6% in December 2015, while it was higher at 106.1% in April-December 2016 compared with 105.5% in April-December 2015.

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