India Crude Oil Throughput Edges Lower in January as Fuel Demand Softens

Indian refinery throughput dipped to 5.63 million barrels per day in January as fuel demand softened. The nation is now exploring new crude oil import sources.

洞察:
Provisional government data released on Feb. 23, 2026, shows that crude throughput for Indian refiners fell 0.2% month-on-month in January to 5.63 million barrels per day, or 23.81 million metric tons. This monthly change is a significant indicator for national fuel availability and international oil demand, as India ININ is currently the world's third-largest oil importer and consumer.
A man opens a valve of a fuel tanker during the refilling of an underground fuel tank at a petrol pump in Mumbai, India, January 3, 2024. REUTERS/Francis Mascarenhas/File Photo
A man opens a valve of a fuel tanker during the refilling of an underground fuel tank at a petrol pump in Mumbai, India, January 3, 2024. REUTERS/Francis Mascarenhas/File Photo
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