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IOC cuts refinery run-rate by one-fourth as fuel demand evaporates

26 Mar 2020 Evaluate

Indian Oil Corporation (IOC) has cut down the run-rate of its refineries by at least one-fourth to keep fuel production in line with the demand as flights being suspended and vehicles staying off the road due to nationwide lockdown.

The company has regulated crude oil throughput at most of its refineries by 25 per cent to 30 per cent. The demand for petroleum products like petrol, diesel, fuel oil and bitumen has reduced substantially in the aftermath of restrictions placed on movement to curb the spread of coronavirus pandemic.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Indian Oil Corpn. Share Price

143.20 0.50 (0.35%)
05-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1281.00
Indian Oil Corpn. 143.20
HPCL 394.90
Bharat PetroleumCorp 325.05
MRPL 171.00
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