India’s top oil refiners are reducing processing runs and imports as the surging COVID-19 pandemic has cut fuel consumption, leading to higher product stockpiles at the plants, multiple company officials told Reuters on Tuesday.

Indian Oil Corp, the country’s biggest refiner, has reduced runs to an average of between 85 percent and 88 percent of total processing capacity, a company official said, adding runs could be cut further as some plants are facing problems storing refined oil products.

”We do not anticipate that our crude processing would be reduced to last year’s level of 65 percent-70 percent as inter-state vehicle movement is still there … (the) economy is functioning,” he said.

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