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
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
