Demand revival, Russian crudes lift IOC’s throughput to record highs

State-run Indian Oil Corp posted record crude throughput in the financial year ending March 2023 on the back of robust growth in fuel demand, healthy margins and plentiful availability of discounted crudes, a trend that is expected to spill over to the new financial year, analysts and company sources said. They added that plentiful availability of attractively-priced Russian crudes was…