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Indian refiners postpone maintenance shutdowns to meet local fuel demand, govt says

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Indian refiners ?have postponed maintenance shutdowns of ‌their units to meet local fuel demand, a government official said ?on Monday.

Indian Oil Corporation (IOC.NS), and ?Bharat Petroleum Corporation (BPCL.NS), were among the ?companies that had planned to ?shut units at some of ?their refineries for routine maintenance, Sujata Sharma, joint secretary in the federal oil ?ministry said. 

However, Nayara Energy will ?shut its 400,000 barrels per day Vadinar ‌refinery ?for maintenance from April 9, tightening supply of liquefied petroleum gas in the country, she said.

Nayara ?was originally ?scheduled ?to shut the refinery for a month-long maintenance last ?year but had to ?postpone ?the plan as European Union sanctions made it difficult to secure ?key ?items required for ?the turnaround.

Source: Reuters 

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