India to boost crude oil refining capacity by 35 to 40 MT by FY30
The Free Press Journal|September 30, 2024
India's oil marketing companies (OMCs) are expected to increase the country's crude oil refining capacity by 35-40 million tonnes (MT) by the end of fiscal 2030, the Crisil Ratings said.

This will take the total installed capacity of the country for crude refining capacity to 295 MT by 2030, as per the rating agency.

This expansion will be driven by the projected growth in domestic oil consumption as India's existing refining capacity is already operating at optimal levels of 100-103 per cent utilisation.

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