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India's refineries, the world's third-largest oil consumer and importer, have set plans to increase refining capacity by 77 percent to 8.
8 million b/d by 2030 to meet growing fuel demand
.
India plans to expand its fuel refining capacity by 77% by 2030
According to a report prepared by the Ministry of Oil and Gas, India's refining expansion plan will ensure that the country's excess diesel and gasoline production continues until 2035
.
India is emerging as one of the major drivers of
refined fuel consumption globally as the economy expands and industrial activity increases, infrastructure for commercial and retail consumers improves, and energy usage increases.
If current patterns of energy use continue, India's fuel demand could rise to 335 million tonnes by 2030 and 472 million tonnes by 2040, up from around
194 million tonnes in 2017.
According to the refinery's expansion plan to the government, gasoline production will remain in surplus by 2035 and a deficit in 2040
.
A spokesman for the Ministry of Oil declined to comment
further.
Diesel will remain in surplus by 2035, after which domestic demand will exceed supply
, the report said.
The report also predicts that India's demand for gasoline, diesel and jet fuel will grow by 5% or more
annually by 2030.
The report recommends that refineries establish petrochemical projects and reduce petroleum coke and fuel oil production
.
，
India's refineries, the world's third-largest oil consumer and importer, have set plans to increase refining capacity by 77 percent to 8.
8 million b/d by 2030 to meet growing fuel demand
.
India plans to expand its fuel refining capacity by 77% by 2030
India plans to expand its fuel refining capacity by 77% by 2030According to a report prepared by the Ministry of Oil and Gas, India's refining expansion plan will ensure that the country's excess diesel and gasoline production continues until 2035
.
India is emerging as one of the major drivers of
refined fuel consumption globally as the economy expands and industrial activity increases, infrastructure for commercial and retail consumers improves, and energy usage increases.
If current patterns of energy use continue, India's fuel demand could rise to 335 million tonnes by 2030 and 472 million tonnes by 2040, up from around
194 million tonnes in 2017.
According to the refinery's expansion plan to the government, gasoline production will remain in surplus by 2035 and a deficit in 2040
.
A spokesman for the Ministry of Oil declined to comment
further.
Diesel will remain in surplus by 2035, after which domestic demand will exceed supply
, the report said.
The report also predicts that India's demand for gasoline, diesel and jet fuel will grow by 5% or more
annually by 2030.
The report recommends that refineries establish petrochemical projects and reduce petroleum coke and fuel oil production
.
，
