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India’s refining capacity to hit 309.5 MMTPA by 2028; GVA of petroleum products at ₹2120 billion
India’s refining capacity is projected to increase to 309.5 million metric tonne per annum (MMTPA) by 2028, said Suresh Gopi, Minister of State in the Ministry of Petroleum and Natural Gas, in a written reply in Rajya Sabha. This is an increase from the current capacity of 256.8 MMTPA, with domestic consumption of petroleum products at 233.3 MMTPA for the year 2023-24.
The ministry of statistics and programme implementation (MoSPI) reported that the Gross Value Addition (GVA) of manufacturing coke and refined petroleum products rose from ₹1560 billion in 2012-13 to ₹2120 billion in 2022-23. This growth has significantly contributed to the rise in India’s GDP from ₹99440 billion to ₹269490 billion during the same period, at current prices.
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