Indian refiners' June crude processing drops 4.2% from a month earlier
Refinery throughput in May was at 5.47 million barrels per day (23.11 million metric tons). On a year-on-year basis, refinery throughput fell 0.3%.
India's fuel consumption fell 4.7% in June from the previous month to 20.31 million metric tons, oil ministry data showed.
India is the world's third-biggest oil importer and consumer.
"Looking at the last years, refinery runs every year declined from May into June, likely driven by seasonally declining domestic oil demand due to the monsoon," said Giovanni Staunovo, an analyst at UBS.
Meanwhile, Oil Minister Hardeep Singh Puri said India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions.
U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China, India and Turkey.
India's monthly oil imports from Russia in June surged 17.4% to about 2 million barrels per day, data provided by trade sources showed.
India's state-run Oil and Natural Gas Corporation (ONGC.NS), opens new tab is exploring building a 200,000-240,000 barrel-per-day refinery at Jamnagar in the western Indian state of Gujarat, a company source said last week.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp (IOC.NS), opens new tab
BPCL: Bharat Petroleum Corp Ltd (BPCL.NS), opens new tab
HPCL: Hindustan Petroleum Corp Ltd (HPCL.NS), opens new tab
CPCL: Chennai Petroleum Corp Ltd (CHPC.NS), opens new tab
MRPL: Mangalore Refinery and Petrochemicals Ltd (MRPL.NS), opens new tab
Reliance Industries Ltd (RELI.NS), opens new tab
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
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