Rampant virus forces partial shutdown at oil refinery

India’s Mangalore Refinery and Petrochemicals Ltd. has cut oil processing rates and will likely have to make an unplanned shutdown at one of its crude units as a deadly second Covid-19 wave pummels fuel demand.

The company reduced its refining capacity by 15 per cent to 1.1 million tons in April and could trim rates even further next month, according to a person familiar with the matter.