Indian refiners boost July crude throughput as fuel consumption climbs

Oil imports by Reliance Industries, the operator of the world’s biggest refining complex at Jamnagar in the western state of Gujarat, rose 13 per cent month-on-month in July to about 1.5 million barrels per day (bpd), tanker data from trade sources showed.

Indian dependence on Russia’s crude surged to a record in July, with shipments from the country making up 50.83 per cent of imports by the third-biggest oil buyer and consumer, data from trade sources showed.

India has set a maximum daily cooking gas production target of 63,810 tonnes for state-run and private refineries to ensure domestic supplies and build buffers after the US-Israeli war on Iran disrupted supplies of the essential fuel, according to an August 13 government order.

(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by HarikrishnanNair)