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Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year

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Refineries started to cut down on crude processing only in the latter half of March after travel restrictions first imposed by states followed by a nationwide lockdown.

BS Web Team Agencies New Delhi

3 min read Last Updated : Apr 23 2020 | 5:20 PM IST

Joining public sector oil firms in cutting run-rate to align production, Reliance Industries Ltd has slashed crude oil processing at its exports-only refinery at Jamnagar in Gujarat in March by close to one-fourth as coronavirus induces a slump in fuel consumption.

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year, according to data released by the Ministry of Petroleum and Natural Gas on Thursday. However, the company's older refinery at the same site processed 5.7 per cent more crude at 3.01 million tonnes.

Topics : Coronavirus Lockdown Reliance Industries crude oil production Petrochemicals industry

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