India needs 533 mn tonnes refining capacity by 2040 to meet domestic demand

If we want to retain the 25% export then the refining capacity needs to be 667 mn tonnes: Joint Secretary Ministry of Petroleum & Natural Gas

The demand for crude oil refining capacity in India is expected to increase to 533 mtpa (million tonnes per annum) by 2040 to meet the domestic demand. The projected figure is more than double the existing refining capacity of 247.6 mtpa.
 

Including 25 per cent exports, the Indian refining capacity outlook is projected to be 554 million tonnes by 2035 and 667 million tonnes by 2040.
 

The current refining capacity of 247.6 mtpa in India is projected to increase to 259 mtpa by 2020 and further to about 439 mtpa by 2030 as against the POL (petroleum products) demand in