<p>Indian Oil Corp, the country's top refiner, aims to operate its refineries at an average 90% capacity in June as fuel demand recovers with the easing of a coronavirus lockdown, the company said on Wednesday.</p>.<p>IOC, which along with subsidiary Chennai Petroleum Corp , controls about a third of India's 5 million barrels per day (bpd) refining capacity, is operating its plant at about 83% capacity, a sharp increase from 39% at the beginning of April.</p>.<p>Refiners in Asia are cranking up runs as the lifting of lockdown restrictions is pushing up fuel demand. India's fuel consumption in May increased significantly from April.</p>.<p>IOC said in a statement it was operating its naphtha cracker at Panipat refinery at full capacity as several downstream petrochemical industries have resumed operations.</p>.<p>The company said it was on track to spend the approved capital expenditure of 261.43 billion rupees ($3.46 billion) for 2020-21. </p>
<p>Indian Oil Corp, the country's top refiner, aims to operate its refineries at an average 90% capacity in June as fuel demand recovers with the easing of a coronavirus lockdown, the company said on Wednesday.</p>.<p>IOC, which along with subsidiary Chennai Petroleum Corp , controls about a third of India's 5 million barrels per day (bpd) refining capacity, is operating its plant at about 83% capacity, a sharp increase from 39% at the beginning of April.</p>.<p>Refiners in Asia are cranking up runs as the lifting of lockdown restrictions is pushing up fuel demand. India's fuel consumption in May increased significantly from April.</p>.<p>IOC said in a statement it was operating its naphtha cracker at Panipat refinery at full capacity as several downstream petrochemical industries have resumed operations.</p>.<p>The company said it was on track to spend the approved capital expenditure of 261.43 billion rupees ($3.46 billion) for 2020-21. </p>