India Could Boost Its Refining Capacity by 800,000 Bpd by 2030

Indian refiners are expected to raise their total refining capacity by up to 800,000 barrels per day (bpd) by the end of the fiscal 2030 year, to meet domestic fuel demand growth, Crisil Ratings said on Friday. In the decade to fiscal year 2024, India’s refining capacity increased by 42 million tons to 257 million tons, or to 5.16 million bpd. Refiners boosted capacity to meet the growing domestic consumption, as exports remained range-bound at around 1.3 million bpd over the period, the rating agency said in a report. By the end of fiscal…