India Refineries Max Out on Surging Diesel Demand, Tight Global Markets

India's refineries have been operating at 105% to 108% capacity utilization over the past six months, driven by robust domestic diesel demand and a tightening international fuel market. This elevated activity, noted by a senior MRPL executive, is a direct consequence of the ongoing Middle East crisis. The sustained high demand and tight supply conditions in the world's third-largest crude oil importer could exert upward pressure on global crude prices, potentially influencing inflation and the USD/PKR rate in Pakistan.

بحوالہ / Source: oilprice.com