AgenciesCapacity utilisation at (RIL) and a few state-run refineries declined in February amid weaker fuel demand and planned maintenance shutdown.
RIL’s refining complex in Jamnagar, the largest in the world, processed 14% less crude oil in February than it did a year ago, as per the petroleum and natural gas ministry’s monthly report. Crude oil processed at RIL facilities had declined 3% year-on-year in January while increasing 1% in the month before.
The report did not give a reason for the slide in RIL’s run rate while attributing the decline at other domestic facilities to planned maintenance shutdown and weak demand.
All domestic refineries together processed 12% less crude oil year-on-year in February. In both the previous months, they had processed 1% more than the year-ago periods.
Domestic demand for petroleum products fell 5% in February. The demand for diesel, which makes up about 40% of the local oil demand, contracted 8.5%. Petrol sales declined 6.5%.
RIL did not respond to ET’s request for comment.
The bigger decline in run rate was witnessed at RIL’s export-only unit, which processed 20% less crude in February than it did a year ago. In January, the unit had processed almost the same quantity as in the previous year.
At RIL’s facility which mainly serves the domestic market, the decline was 7.5% year-on-year in February and 5.2% in January.
Rosneft-backed Nayara Energy processed 13% less crude in February this year, 12% less in January and 9% less in December 2020 compared to the respective year-ago months.
At BPCL Oman Refinery at Bina, “lower demand of petroleum products amid ongoing COVID-19 pandemic” caused lower processing of crude. Similarly, “lower product upliftment” pushed down crude processing at ’s Barauni facility.
Crude oil processing almost came to a halt at HMEL’s Bhatinda plant due to a planned shutdown, as per the ministry report. The planned shutdown also affected ’s units in Mumbai and Vizag, it said.
RIL’s refining complex in Jamnagar, the largest in the world, processed 14% less crude oil in February than it did a year ago, as per the petroleum and natural gas ministry’s monthly report. Crude oil processed at RIL facilities had declined 3% year-on-year in January while increasing 1% in the month before.
The report did not give a reason for the slide in RIL’s run rate while attributing the decline at other domestic facilities to planned maintenance shutdown and weak demand.
All domestic refineries together processed 12% less crude oil year-on-year in February. In both the previous months, they had processed 1% more than the year-ago periods.
Domestic demand for petroleum products fell 5% in February. The demand for diesel, which makes up about 40% of the local oil demand, contracted 8.5%. Petrol sales declined 6.5%.
RIL did not respond to ET’s request for comment.
The bigger decline in run rate was witnessed at RIL’s export-only unit, which processed 20% less crude in February than it did a year ago. In January, the unit had processed almost the same quantity as in the previous year.
At RIL’s facility which mainly serves the domestic market, the decline was 7.5% year-on-year in February and 5.2% in January.
Rosneft-backed Nayara Energy processed 13% less crude in February this year, 12% less in January and 9% less in December 2020 compared to the respective year-ago months.
At BPCL Oman Refinery at Bina, “lower demand of petroleum products amid ongoing COVID-19 pandemic” caused lower processing of crude. Similarly, “lower product upliftment” pushed down crude processing at ’s Barauni facility.
Crude oil processing almost came to a halt at HMEL’s Bhatinda plant due to a planned shutdown, as per the ministry report. The planned shutdown also affected ’s units in Mumbai and Vizag, it said.
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