Pandemic-led Fuel Boom Lifts India Refiner Runs to Full Tilt
- Use of private cars, homecooking lift gasoline and LPG demand
- State refiners operate at 100% with plans to raise runs
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India hasn’t put the pandemic behind it, but its oil refineries have.
Three state-run processors including Indian Oil Corp., the nation’s top refiner, are currently operating at close to 100% capacity or higher, according to people with knowledge of the matter. Behind the recovery is strong demand for gasoline and liquefied petroleum gas as many opt to drive their own cars over taking public transport and cook at home to avoid restaurants.