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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
15 July, 2025 09:15 IST
India's oil marketing companies curb output as coronavirus chokes fuel demand
Source: IRIS | 23 Apr, 2020, 04.14PM
Rating: NAN / 5 stars.
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  India's crude processing in March fell 5.7% from a year earlier, its biggest drop since September, as the coronavirus crisis and travel restrictions to curb its spread dented fuel demand and forced refineries to cut output.

Refiners processed about 21.20 million tonnes, or 5.01 million barrels per day (bpd), of oil last month, provisional government data showed on Wednesday. That was lower than the 5.32 million bpd processed in February and in March 2019.

Crude production also declined 5.5% in March from a year earlier to around 2.70 million tonnes or 0.64 million bpd.

Many refineries have curbed output with fuel demand hammered by travel restrictions as the pandemic forced people to stay home and stalled economic activity.




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