India’s crude oil refinery output rises 4.4% in March 2019

  • Apr 26, 2019
  • Investing

India’s crude oil refinery output increased 4.4% to 22.57 mt in March 2019 over March 2018. The output of public sector refineries moved up 0.5% to 12.19 mt, while the output of public-private JV refiners increased 16.7% to 1.67 mt. The refinery output of private refineries also improved 8.0% to 8.71 mt in March 2019.

Among public refineries, the output of Bharat Petroleum Corporation increased 9.6% to 2.78 mt, Numaligarh Refineries 5.3% to 0.25 mt, Chennai Petroleum Corporation 2.1% to 0.92 mt and Hindustan Petroleum Corporation 0.9% to 1.54 mt in March 2019 over March 2018. However, the output of Indian Oil Corporation declined 2.3% to 5.42 mt and Mangalore Refineries 7.4% to 1.28 mt in March 2019.

Among private refiners, the output of Reliance Petroleum moved up 10.0% to 7.01 mt, while that of Essar Oil rose 0.4% to 1.70 mt in March 2019 over March 2018. Among JV refineries, the output of Bharat Oman improved 20.6% to 0.63 mt, while the output of HPCL Mittal also increased 14.4% to 1.03 mt in March 2019.

The cumulative refinery output increased 3.1% to 257.43 mt in April-March 2019. The output of public refineries gained 3.9% to 143.25 mt, while that of private refineries declined 0.2% to 97.27 mt. The refinery output of JV refineries jumped 16.9% to 16.91 mt in April-March 2019.

Among public refineries, the output of Bharat Petroleum Corporation improved 8.9% , Indian Oil Corporation 4.2% , Numaligarh Refineries 2.1% , Hindustan Petroleum Corporation 1.6% and Mangalore Refineries 0.6% , but that of Chennai Petroleum Corporation declined 1.6% .

The overall capacity utilization was marginally higher at 107.0% in March 2019 compared with 106.3% in March 2018, while it was lower at 103.9% in April-March 2019 compared with 107.7% in April-March 2018.

Source: Capital Market