Which country exports gasoline in India

Oil petrol

India is that 2. largest refiner in Asia

Subscribe to India's Growth Story
This page was last updated on - Mar 09, 2021


The fastest growing energy market in the world

India is the third largest consumer of energy and oil in the world after China and the USA.

India is that 4. largest importer of liquefied natural gas (LNG).

India consumed 213.2 MMT of petroleum products and 60,747 MMSCM of natural gas. The import dependency of crude oil and LNG was 82.59% and 45.89% respectively in 2018. In 2018, the petroleum import bill was $ 112 billion, up 27% from $ 88 billion in 2017-18 and 23.42% of the nation's total gross imports. India's forecast oil demand will grow at an annual growth rate of 4% in 2016-2030 compared to the world average of 1%, although the forecast oil demand will be much lower compared to the US and China.

  • Conventional O + OEG hydrocarbons with a capacity of 230 billion barrels on an area of ​​over 3 million km² on 26 sedimentary basins are available to investors
  • India aims to reduce reliance on oil and gas imports by 10% by 2022
  • The demand for petroleum products is estimated at 244,960 tons by 2021/22, with an annual growth rate of 10%
  • The total number of retail fuel stores increased from 18,848 (2002) to 64,624 (2019) with an annual growth rate of 7.5%. State marketing companies plan to add 78,000 new fuel retail stores.
  • The current share of natural gas in the country's energy mix is ​​6%. The aim is to increase it to 15% by 2030
  • It is planned to open 12 biofuel refineries with an investment of $ 1.5 billion
  • India is that 2. largest consumers of biogas with 5000 CBG plants to be opened under the SATAT scheme by 2023
  • The ethanol blend in gasoline will increase from 5% to 20% in India by 2030

100% foreign direct investment allowed in exploration activities of oil and natural gas fields on automatic route

49% of FDI approved by public sector companies (PSUs) for petroleum refining without automatically divesting or diluting domestic equity into existing PSUs

Please refer to the FDI Policy for more details

  • Gas consumption CAGR (2014-19)

  • Oil consumption CAGR (2014-19)

  • Petrochemical Industry CAGR (until 2022)

  • Fuel RO CAGR (2002-19)

Largest exporter of petroleum products in Asia

Second largest refinery in Asia

Third largest consumer of crude oil and petroleum products worldwide

Industrial scenario

India has developed into a refining center.

India's current refining capacity is 249 MMTPA and includes 23 refineries - 18 in the public sector, 3 in the private sector and 2 in a joint venture. The Indian Oil Corporation (IOC) is the largest domestic refinery with a capacity of 80.7 MMTPA. The three largest companies - IOC, Bharat Petroleum Corporation (BPCL) and Reliance Industries (RIL) - contributed around 66.7% to total refinery production in India from FY 2018 to 19.

There are currently around 16,788 km of natural gas pipelines in operation and around 12,672 km of gas pipelines are under development.

India has seen a steady increase in the production and consumption of petroleum products over the years. The production of petroleum products was 243.5 MMT between 2016 and 17 and 262.3 MMT between 2018 and 19.

Domestic crude production for the month of April 2020 was 2487 TMT versus the production target of 2643 TMT, a 94.10% achievement. Natural gas production for the month of April 2020 was 2155 MMSCM versus the production target of 2551 MMSCM, which is an achievement of 84.48%.

The supply of liquefied natural gas (LNG) is being promoted on both coasts. 8 new R-LNG terminals (4 on the west and 4 on the east coast) are due. Together with the six existing terminals, the total capacity will reach 74 MMTPA.


  • Investments worth $ 118 billion by 2024

    $ 58 billion will be invested in E&P by 2023 and $ 60 billion in natural gas infrastructure by 2024

  • Town gas distribution

    The supply area has increased from 20% to 70%

  • Abundant raw material

    The oil reserves are 604 MMT and the natural gas reserves are 1.2 TCM

  • Favorable guidelines

    AID, CBM and OALP to encourage investment

  • State Incentives

    Early production royalties of 10%, 20% and 30% for pools of categories I, II and III

  • Set up LNG stations

    Any company can set up LNG stations in any geographic area in India, even if they do not have a City Gas Distribution license

Industrial land banking portal

GIS-based map with the available infrastructure for setting up manufacturing plants


Questions asked