NEW DELHI : With country’ petroleum product demand doubling in May, India’s largest refiner Indian Oil Corporation Ltd (IOC) on Wednesday said its refineries are operating at 83% of their capacity.This comes in the backdrop of Indian economy slowing coming back to life after the world’s strictest lockdown.
The state owned refiner had slashed its refining capacity to 39%, following a sharp drop in India’s petroleum product demand because of the coronavirus outbrea.“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," IOC said in a statement.India’s power and overall energy demand, which had nosedived, is.