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Covid hit: Crude oil and pure fuel manufacturing fall in Jan

crude oil manufacturing fell by 4.6 per cent and pure fuel manufacturing dropped by 2.2 per cent in January resulting from operational difficulties associated to the Covid pandemic, in response to Ministry of Petroleum and Natural Gas information launched on Friday. Total crude oil manufacturing within the fiscal, up to now, is down 5.6 per cent and pure fuel manufacturing is down 10.4 per cent, in comparison with the year-ago interval.
Crude manufacturing in January was 8 per cent beneath the manufacturing goal for the month at 2572.7 thousand metric tonnes (TMT) and 4.6 per cent decrease than output of two,696.8 TMT within the year-ago interval. ONGC reported that unavailability of vital infrastructure and gear resulting from Covid-related delays was the important thing motive behind decrease manufacturing.
Natural fuel manufacturing for the month was 2550.62 MMSCM (million metric normal cubic metre), 19.2 per cent beneath the output goal for the month and a pair of.2 per cent beneath the manufacturing of two,608.3 MMSCM, in January. Crude processing was 21,809 TMT, 0.6 per cent greater than manufacturing in January 2020 however 2.81 per cent beneath the month-to-month goal.

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