New Delhi: India’s January refinery output grew 3.8% from a year earlier as most plants operated at higher rates to meet annual targets, government data showed on Wednesday.
In January, when refining margins for simple Asian refiners rose to $1.78 from 63 cents in December, Indian refiners processed 3.31 million barrels per day (bpd) of crude oil.
Crude processing at state-owned refineries, which meet local demand, rose 2.3% in January from a year earlier.
Annual crude processing at Reliance Industries’ 660,000 bpd plant in the western Gujarat state rose an annual 8.2% in January.
Reliance does not provide details of crude runs at its new export-focused 580,000 bpd refinery, located next to the larger plant. Together, they form the world’s biggest refining complex.