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IOC boosts refinery run to 100% in November

10 Dec 2020 Evaluate

Indian Oil Corporation (IOC) has boosted refinery run to 100 per cent of the capacity as reopening of the economy spurred demand for fuel. All the refineries of IOC operated at 100 per cent of the capacity in November, up from 88.1 per cent in the previous October month and 98.6 per cent in the same period last year. This festival season boosted demand for consumer goods, leading to more diesel-run trucks hitting the road to deliver everything - from clothes to air conditioners.

The crude oil throughput of IOC refineries rose to 100 per cent in November 2020 as consumption of all petroleum products has almost reached pre-COVID levels. IOC owns 11 of India's 23 refineries with a combined refining capacity of 80.7 million tonnes per annum (1.60 million barrels per day). Refinery runs had fallen to about half of their capacity soon after a nationwide lockdown was imposed to curb the spread of coronavirus. The lockdown shut factories and sent most vehicles off-road, sucking away fuel demand.

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 Corp. Share Price

144.45 3.50 (2.48%)
15-Jun-2026 16:59 View Price Chart
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Company Name CMP
Reliance Industries 1307.10
Indian Oil Corp. 144.45
BPCL 310.40
HPCL 401.80
MRPL 168.95
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