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    IndianOilPerformance2018-19

IndianOil refineries throughput crosses 80% as products demand increases

New Delhi, June 10, 2020

The crude oil throughput of IndianOil refineries crossed 80% as on date, with consumption of all petroleum products put together almost doubling in May '20 as compared to April '20 levels.

The Corporation has been able to gradually raise the throughput of its refineries from about 55% of rated capacity in the beginning of May '20 to about 78% by the month end, and 83% as on date. Capacity utilisation of the refineries had dropped to almost 39% in the beginning of Apr.'20.

With Guwahati Refinery coming online after maintenance shutdown, IndianOil refineries are geared to operate at about 90% of their capacities this month, as products demand in the market increases, together with strategic product exports.

While the consumption of all petroleum products put together almost doubled in May '20 compared to April '20 levels, growth of petrol was higher at about 70% and diesel at 59%. Compared to May '19, or the early months of the current year prior to the lockdown, the growth percentage has still to catch up by 24% to 26% for all products. In the case of LPG, with the Corporation rolling out about 25 lakh cylinder refills a day, the average backlog is less than a day.

Along with growing consumption of white oils petrol and diesel (except ATF, which is still lagging at about 24% of normal level), the demand for black oils and specialty products like fuel oil, bitumen, petcoke and sulphur has also shown marked improvement, facilitating increase of refineries throughput.

With the gradual lifting in lockdown restrictions, several downstream industries in the petrochemicals sector have resumed operations from late April '20 and product evacuation from refinery stocks has increased gradually. With increase in demand, IndianOil's Naphtha Cracker at Panipat is now operating at full capacity, along with downstream units for production of polypropylene, HDPE, LLDPE and MEG. The polypropylene plant at Paradip Refinery has also gone online, while the PX/PTA at Panipat and the LAB unit at Koyali Refinery continued to operate during the lockdown.

IndianOil is on track to spend the approved capital expenditure of Rs. 26,143 crore for 2020-21. Work on almost 250 major projects has restarted on ground. Major refinery projects on which work has resumed include capacity expansion at Barauni, including petrochemicals complex; ethylene glycol project at Paradip; expansion of naphtha cracker at Panipat; and IndMax unit at Bongaigaon. Work has also resumed on major pipeline projects, including the Paradip-Hyderabad products pipeline; augmentation of Paradip-Haldia-Durgapur LPG pipeline and its extension to Patna and Muzaffarpur; and the Ennore-Tiruvallur-Bangalore-Pondicherry-Nagapattinam-Madurai-Tuticorin R-LNG pipeline. Pipeline laying and other activities under city gas distribution resumed in 11 Geographical Areas. Work has also restarted on other projects like grassroots LPG bottling plants, upcountry terminals/depots and additional facilities/tankage at existing bulk storage locations.

John Prasad K.
Chief General Manager
Corporate Communications
Indian Oil Corporation Ltd.

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About Us

  • Who we are
  • Our Vision with Values
  • Our Business
  • Our Major Projects
  • Financial Performance
  • Our Group Companies & JVs
  • Our Locations
  • Our Leadership
  • Our History

IndianOil for Motorists

  • Petrol/Gasoline
  • Diesel/Gasoil
  • XP100
  • SERVO Lubes & Greases
  • AutoGas
  • Test Fuel Samples
  • Petrol Pump Locator
  • Loyalty Programmes

IndianOil for Households

  • Indane Cooking Gas
  • Kerosene
  • LPG Services
  • Say No to LPG Subsidy

IndianOil for Business Partners

  • RO / KSK Dealerships
  • Door - to - Door Delivery of Diesel
  • LPG Distributorships
  • COCO Divestment and Service Provider
  • Polymer Dealers
  • Marketing Discipline Guidelines

IndianOil for Businesses

  • Bulk / Industrial Fuels
  • Aviation Fuel
  • Marine Oils
  • Bitumen
  • SERVO Lubes & Greases
  • Fuel Mgmt / Consumer Pumps
  • Commercial / Reticulated LPG
  • Non-Fuel Alliances
  • Loyalty Programmes
  • Natural Gas
  • Petrochemicals
  • Special Products
  • Indane NANOCUT
  • Cryogenics
  • Non-PDS Superior Kerosene Oil
  • Explosives
  • Consultancy

IndianOil for Suppliers

  • IndianOil GSTIN
  • Vendor Registration
  • Procurement from MSEs
  • Integrity Pact
  • Reports on Purchase / Work Order
  • IndianOil Conciliation Rules, 2014
  • Tenders
  • Notices

IndianOil for Society

  • IndianOil for Community (CSR)
  • IndianOil Academic Scholarships
  • Sustainability
  • The IndianOil Foundation
  • From Director (HR)'s Desk

IndianOil for Investors

  • Transfer of shares to IEPF
  • Committees of the Board
  • T&C of Appointment of Ind. Directors
  • Familiarisation program for Independent Directors
  • Intimation to Stock Exchanges
  • Buyback of shares by IndianOil
  • Shareholding Pattern
  • Financial Performance
  • Annual Return
  • Corporate Governance
  • Annual General Meeting 2020
  • Presentation to Analysts / Investors
  • Dividend Information
  • Notices
  • Policies
  • IndianOil's Credit Rating
  • Contact details for share related matters

IndianOil Overseas

  • Lanka IOC PLC
  • IndianOil (Mauritius) Ltd.
  • IOC Middle East FZE

IndianOil for Media

  • News Releases
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  • Publications
  • Prices of Petrol & Diesel
  • Prices of Petroleum Products

IndianOil for Careers

  • Careers
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IndianOil for Environment

  • Environment Management
  • SATAT
  • H,S & E Policy
  • Occupational Health
  • Safety
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We are Listening

  • Help
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Last updated on 22/01/2021 (07:00 PM)
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