Indian Oil Corporation’s (IOC’s) Gujarat Refinery has registered gross refining margins (GRMs) for FY17 at $7.7 per barrel, up from $4.87 per barrel in FY15 and $6.73 per barrel in FY16, on the back of increased operational efficiency, reduced costs and technical up-gradation.
Moreover, Gujarat Refinery has achieved a new crude processing record of 13.99 million metric tonnes per annum (MMTPA) during FY17. The distillate yield of the refinery has improved to 81 per cent up from 80.1 per cent in 2014-15, thereby providing better production.
The Gujarat Refinery operates 40 processing units producing 30 different petroleum products. In the new fuel regulation regime, the Refinery has already started supplying 100 per cent BS-IV compliant petrol (Motor Spirit) and diesel (High Speed Diesel) from January 2017.
