An existing BPCL refinery in Mumbai
India ramps up refinery expansions
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
Indian refiners—both government-owned and private—are set to aggressively expand their refining capacities in 2025 to meet an expected increase in domestic demand for refined fuels in the short and medium term. Next year is poised to be one of the most significant in India’s refining history, with a total of 0.9m b/d—or 44.8m t/yr—of capacity scheduled be added across five locations. The country’s largest refiner, state-owned Indian Oil Corporation Limited (IOCL), is poised to add the most capacity in 2025. The company’s two refining projects—Nagapattinam and Panipat—are scheduled to come onstream in October and December 2025 respectively. Panipat, located in northern India in the state of H
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
