Indian Oil Corp to continue to operate its refineries below capacity in 2020/21
Aug 1, 2020
ET Bureau, New Delhi
Domestic oil demand would not return to pre-Covid levels any time soon due to rapidly rising infections and local lockdowns, which would in turn keep IndianOil’s renery run rate at 70-75%, lower than 93% seen in July, chairman S M Vaidya said.
“It's very difficult to predict but, of course, one thing is sure that we will not get back to normal times at least in the near future...
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