India’s base oils output stayed firm in May, providing domestic blenders with convenient alternative supply options in place of imported volumes.Base oils output of 118,000t in May rose from 117,000t the previous month and by 13pc from year-earlier levels, government data showed.The volume rose from year-earlier levels for a seventh month and held above the 100,000t level for the sixteenth time in eighteen months.Before 2022, output had exceeded that monthly volume just ten times in the previous four years.Unusually high motor fuel margins and low feedstock costs incentivized India’s refiners to maximise their run rates.India’s base oils output is set to climb further over the coming months as new production capacity comes online..India’s May base oil imports hold steady.Contact us for more information about the data for these stories
