InvestorQ : Why is Indian oil operating at lower than normal capacity?
indhumathi Sayani made post

Why is Indian oil operating at lower than normal capacity?

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2 months ago
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IOCL capacity utilization has fallen from 100% to 95% as the curbs on movement across India could hit demand for fuel. For now, cuts are nominal but could get deeper going ahead. Due to COVID, petrol sales could drop by 100,000 bpd in Apr-21 and 170,000 bpd in May-21 while diesel consumption could drop by 220,000 bpd in April and 400,000 bpd in May-21.

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