Indian state-controlled refiners continued to operate their refineries at maximum nameplate capacity on the back of strong domestic fuel demand, market participants close to the refiners told Argus. BPCL's 310,000 b/d Kochi, 240,000 b/d Mumbai and 156,000 b/d Bina refineries, MRPL's 300,000 b/d refinery in Mangalore, and HPCL's 190,000 b/d Mumbai and 166,000 b/d Visakhapatnam refineries operated at maximum or over 100pc of their nameplate capacities in January and have maintained this utilisation rate in February.
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