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The Hindu Business Line

OPEC says slower refinery additions could curb India’s diesel and jet fuel exports from 2028

OPEC’s World Oil Outlook 2026 said India’s oil demand growth is expected to outpace refinery capacity additions through 2030, potentially lifting imports of petroleum products while exports contract. The report projected around 1.0 mb/d of net incremental refining capacity by 2030 versus required refining capacity rising to more than 1.3 mb/d. It also noted India is already operating at a high utilisation rate, with capacity additions taking time to come online.
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