India’s Crude Oil throughput drops 6.89% y/y in September

India’s Crude Oil throughput drops 6.89% y/y in September

by admin- Wednesday, October 23rd, 2019 07:13:49 PM

India’s crude processing in September fell 6.89% from a year in advance, its biggest decline seeing that June, as refiners close devices for upkeep and gasoline improvements, provisional government records showed.

India, the world’s 0.33-largest oil importer and customer, has set an April 1, 2020 closing date to migrate to Euro VI-compliant fuels to reduce its carbon emissions.

Indian refiners processed approximately 19.41 million tonnes or 4.74 million barrels per day (bpd) of oil in September, the data confirmed.

State refiners, which account for greater than half of India’s almost 5 million bpd refining capability, processed 12.Sixty seven% less oil remaining month in comparison with September 2018, the statistics confirmed.

India’s September crude output fell to two.Sixty five million tonnes, approximately 5.Four% lower than a year earlier.

Natural gas output became four.Three% decrease at 2.Fifty seven billion cubic metres from the equal duration final 12 months.

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