India Plans To Raise Oil Refining Capacity to 6.2 Million Bpd by 2028

India expects to boost its refining capacity by around one-fifth to have 6.19 million barrels per day (bpd) of crude processing capacity by 2028, according to its junior petroleum minister. The rise in refining capacity will be needed to meet growing domestic fuel demand, Reuters quoted on Monday junior petroleum minister Suresh Gopi as saying in a written reply to lawmakers. Separately, Gopi said that the country’s strategic petroleum reserve can cover India’s crude oil consumption for 9.5 days. India, the world’s third-largest…