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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?