India’s base oils output rose in June to its second-highest level in more than a decade, lifting the country’s supply to a four-month high.Base oils output of 133,000t in June rose from 118,000t the previous month and by 50pc from year-earlier levels, government data showed.The rise in output for an eighth straight month lifted India’s total base oils production to 869,000t in first-half 2023.The volume was up 38pc from 628,000t during the same period last year.Higher output coincided with unusually high refinery run-rates as India’s refiners took advantage of both steep retail diesel prices relative to feedstock costs, and discounted prices for crude oil of Russian origin.India’s base oils output and imports combined came to 442,000t in June. The volume was the highest since March and second highest in more than a year..India’s June base oils imports rise
India’s base oils output rose in June to its second-highest level in more than a decade, lifting the country’s supply to a four-month high.Base oils output of 133,000t in June rose from 118,000t the previous month and by 50pc from year-earlier levels, government data showed.The rise in output for an eighth straight month lifted India’s total base oils production to 869,000t in first-half 2023.The volume was up 38pc from 628,000t during the same period last year.Higher output coincided with unusually high refinery run-rates as India’s refiners took advantage of both steep retail diesel prices relative to feedstock costs, and discounted prices for crude oil of Russian origin.India’s base oils output and imports combined came to 442,000t in June. The volume was the highest since March and second highest in more than a year..India’s June base oils imports rise
