Indian refiners' crude oil processing stayed near record peaks in March, provisional government data showed on Friday, catering to solid seasonal demand in the world's third biggest oil consumer.
Refinery throughput gained 3% to 5.44 million barrels per day year-on-year for March. Throughput stood at 5.46 million bpd in February.
Crude oil processed in tonnes, was the highest since Reuters records going back to 2009. Crude processed in million bpd terms, taking into account the fewer days in February, was also the highest since Reuters records going back to 2009."In March, we generally see seasonal high demand. Fuel demand is rising with heightened industrial activity and also as it is harvesting season," said Prashant Vasisht, vice president and co-head, corporate ratings at ICRA.
"Demand might slow when monsoons hit India, but overall we still project increased fuel demand for the year as the Indian economy is expected to record good growth." Natural gas output was up 2.4% to 2.96 billion cubic metres year on year, while crude oil production fell 2.9% to 2.45 million tonnes, the data showed.to 3.45 million tonnes in the first half of April compared with the same period last month, indicating higher demand from the agriculture sector and a recovery in industrial activity.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘The Sound of Music’ Rights Acquired for Indian Film ‘Music School’ (EXCLUSIVE)The rights of three songs from iconic 1959 Rodgers and Hammerstein musical “The Sound of Music” have been acquired by Indian film “Music School.” The musical was adapted as …
Read more »
Indian police arrest radical Sikh preacherIndian police have arrested Sikh separatist Amritpal Singh after hunting for him for more than a month, a police statement said on Sunday.
Read more »
Indian police arrest Sikh separatist after month-long huntIndian police have arrested Sikh separatist Amritpal Singh after searching for him for more than a month, a state police official said on Sunday, a move against the revival of an independent homeland in the state of Punjab bordering Pakistan.
Read more »
Indian police arrest alleged Sikh separatist leader, ending vast manhunt | CNNPolice have been searching for Singh since March 18, when he was accused of attempted murder, obstruction of law enforcement, and creating “disharmony” in society.
Read more »
Indian police arrest Sikh separatist leader after long huntIndian police on Sunday arrested a separatist leader who has revived calls for an independent Sikh homeland and the secession of India’s northern Punjab state, which has a history of violent insurg…
Read more »
Indian police arrest Sikh separatist Amritpal Singh after month-long huntPreacher in the northwestern state of Punjab where Sikhs are in the majority, has revived talk of an independent Sikh homeland and stoked fears of a return to violence that killed tens of thousands of people in the 1980s and 90s.
Read more »