The present refining capacity of Indian refineries is 253.92 Million Metric Tons Per Annum (MMTPA). As per the data compiled by Centre for High Technology (CHT), a technical wing of Ministry of Petroleum and Natural Gas (MoPNG), the refining capacity of Indian refineries is projected to increase by about 56 MMTPA by the year 2028. Against the present refining capacity of 253.92 MMTPA, the domestic consumption of the petroleum products in the year 2022-23 was 223 MMTPA.

Based on the long term growth trends in consumption of Petrol and Diesel and various efforts of the Government towards energy transition, increasing adoption of Compressed Natural Gas (CNG), Bio fuels including Ethanol, Electric Vehicles (EV), etc. as well as evolving consumer preferences, this capacity is likely to be adequate to meet projected demand.

This information was given by the Minister of State in the Ministry of Petroleum & Natural Gas, Shri Rameswar Teli, in a written reply in the Lok Sabha today.

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RKJ

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