IOC aims refinery run to reach 100% within quarter

Indian Oil Corporation (IOC) is aiming refinery run to reach 100 per cent within a quarter as fuel demand returns. Petrol and cooking gas LPG demand are already above Pre-COVID levels and diesel - the most consumed fuel in the country - is inching back to normalcy. IOC's refineries operated at 82 per cent of capacity in September and are above 90 per cent this month.

IOC is strengthening its core business of refining and is looking to enhance its refining capacity to 105 million tonnes per annum from current 80.5 million tonne at the cost of $13.5 billion.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.