ForumIAS LATEST
- FRC 2027: SFG Residential program | accepting application for Tranche-2 Click Here to know more →
- CSAT Classes for Prelims 2027 by Rishi Bhargav sir starts 16 Nov. at 5 PM Click Here to know more →
- Prelims Sprint classes 2027: Starts 2nd Nov. at 4:30 PM | First class open to all. Click Here to know more →
India’s refining capacity expansion lags behind growth in fuel demand:
Context:
- The slow-pace growth of India’s refining capacity
What is the current scenario?
- Growth in demand for oil products rising faster than refining capacity added
- There is no major expansion of refinery capacity except few brownfield projects
- India is a net importer of LPG, a fuel used for cooking and heating, and a net exporter of other products such as gasoline, jet fuel, and diesel.
What is the main reason behind the boost of demand for refinery products?
- India’s rising disposable income
What is the speculation?
- It is being speculated that India might be able to export fewer fuels in the next four years as the refining capacity has not been expanded
