+
Centre to focus on fuel demand and refining capacity needs
OIL & GAS

Centre to focus on fuel demand and refining capacity needs

The Central Government has begun a reassessment of the country's future oil demand and refining capacity requirements following the soaring domestic consumption, delays in planned refineries, and amid the predictions of a quick end to the oil age falter, as per reports. The petroleum planning and analysis cell of the oil ministry has been directed to prepare a fresh report on the future fuel demand and refining capacity needs. In the early days of Covid, everyone seemed to believe that oil demand would quickly drop and give way to alternatives but that doesn't seem to be the case. So, there is a need to have the capacity to meet the demand that's expected to grow for years to come.

Also read:
BPCL to develop 2 new petrochemical facilities in Bina, Kochi
Govt to reassess oil demand, refinery capacity projections


The Central Government has begun a reassessment of the country's future oil demand and refining capacity requirements following the soaring domestic consumption, delays in planned refineries, and amid the predictions of a quick end to the oil age falter, as per reports. The petroleum planning and analysis cell of the oil ministry has been directed to prepare a fresh report on the future fuel demand and refining capacity needs. In the early days of Covid, everyone seemed to believe that oil demand would quickly drop and give way to alternatives but that doesn't seem to be the case. So, there is a need to have the capacity to meet the demand that's expected to grow for years to come. Also read: BPCL to develop 2 new petrochemical facilities in Bina, KochiGovt to reassess oil demand, refinery capacity projections

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code