Indian private refiners like Reliance, Nayara have been among the biggest buyers this year of discounted Russian crude. A split is emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high oil costs and government-capped domestic fuel prices. While many Western buyers are …
Indian Oil Corp, the country’s top refiner, has raised crude processing at its plants to 60 percent capacity and aims to reach 80 percent by the end of this month, it said in a statement on Monday New Delhi: Refiners are scaling up crude processing as local fuel demand begins to improve with a gradual easing of the lockdown aimed …
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