India set to boost oil refining capacity to 300 million tonnes by 2030

India's oil processing capacity will climb to 300 million tonnes annually by the year 2030, according to Union Minister for Petroleum and Natural Gas Hardeep Singh Puri. Speaking in south Goa on Tuesday, October 27, 2026, the minister noted that the country's current refining capacity stands at about 290 million tonnes per annum.

Expansion Details

This growth will happen by scaling up existing facilities and building new projects. Refineries currently handling three million tonnes per annum are scaling up to six million tonnes, while six-million-tonne plants are expanding to nine million tonnes. Mr. Puri spoke at the 29th Energy Technology and Innovation Meet, pointing out that Western nations and Europe are seeing refinery capacity drop by at least 2,50,000 barrels per day each year due to struggling, inefficient facilities.

Market Impact

Mr. Puri stated that the increased output will allow India to meet domestic energy needs while supplying more petroleum products to international markets. He confirmed that the country does not need to restrict exports to maintain local supplies. Alongside conventional fuels, the minister added that initiatives like Samudra Manthan and GOBARdhan will also gain momentum.

Context

Refining capacity refers to the total amount of crude oil that a country's industrial plants can process into usable fuels like petrol and diesel. India relies heavily on imported crude oil, making domestic refining infrastructure a key part of national energy security and trade.