India Cuts Crude Imports, Boosts Processing Amid Price Surge
OIL & GAS

India Cuts Crude Imports, Boosts Processing Amid Price Surge

India has reduced its crude oil imports by 5.1% while ramping up processing to mitigate the impact of global price surges. This strategic move aims to balance domestic demand with international market fluctuations.

The government is focusing on increasing refinery capacity to maximise efficiency and minimise reliance on imports. This approach not only addresses immediate economic challenges but also strengthens India's energy security.

As global crude prices rise, India is optimising its resources to maintain stability in the domestic market. Refineries are operating at higher capacities, ensuring a steady supply of petroleum products to meet consumer needs.

Efforts are underway to enhance technological capabilities within refineries, supporting higher processing rates and improved output quality. This includes investments in modernization and expansion projects across key facilities.

The reduction in imports aligns with India's broader energy strategy, focusing on self-reliance and sustainability. By bolstering domestic processing, the country aims to cushion the economy from volatile global markets.

Additionally, the government is exploring alternative energy sources and diversifying its import portfolio to further stabilise the energy sector. This comprehensive approach aims to ensure long-term resilience and adaptability in the face of global challenges.

India's proactive measures in the oil and gas sector reflect a commitment to maintaining economic stability and energy independence, positioning the country to better navigate future market dynamics.

India has reduced its crude oil imports by 5.1% while ramping up processing to mitigate the impact of global price surges. This strategic move aims to balance domestic demand with international market fluctuations. The government is focusing on increasing refinery capacity to maximise efficiency and minimise reliance on imports. This approach not only addresses immediate economic challenges but also strengthens India's energy security. As global crude prices rise, India is optimising its resources to maintain stability in the domestic market. Refineries are operating at higher capacities, ensuring a steady supply of petroleum products to meet consumer needs. Efforts are underway to enhance technological capabilities within refineries, supporting higher processing rates and improved output quality. This includes investments in modernization and expansion projects across key facilities. The reduction in imports aligns with India's broader energy strategy, focusing on self-reliance and sustainability. By bolstering domestic processing, the country aims to cushion the economy from volatile global markets. Additionally, the government is exploring alternative energy sources and diversifying its import portfolio to further stabilise the energy sector. This comprehensive approach aims to ensure long-term resilience and adaptability in the face of global challenges. India's proactive measures in the oil and gas sector reflect a commitment to maintaining economic stability and energy independence, positioning the country to better navigate future market dynamics.

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?