Indian refiners processed 21.94 million mt, or an average 5.2 million b/d, of crude oil in January, down 3.6% year on year, latest data from the oil ministry showed, reflecting a partial shutdown at private refiner Reliance Industries Ltd. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The December figure was 4.3% higher than in December. The average utilization rate of refiners was 104.4% in January, compared with 100% in December, and 114.6% in January 2018. Analysts said the decline in overall crude processing last month was mainly due to the maintenance shutdown of a crude distillation unit and the coker unit at RIL’s domestic-focused refinery at Jamnagar in Gujarat state for about four weeks from January 16. In January, RIL’s domestic-focused refinery operated at 79% of capacity as compared to 104.5% level in the year-ago month. The country’s total refinery throughput […]