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India’s refinery runs fall to eleven-month low

Oil

India’s crude oil refinery throughput declined by 450K b/d m-o-m to 4.62M b/d in August, falling for the third month in a row to the lowest level since September 2021, according to data from the Petroleum Planning and Analysis Cell (PPAC). Despite falling to an eleven-month low, refinery runs remain up by 260K b/d y-o-y. Across the first eight-months of the year throughput has averaged 5.17M b/d, which is an increase of 450K b/d compared to the same period last year.