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India Joins World's Top 5 Oil Refining Nations Amid Global Energy Shift

India has achieved a major milestone by joining the world's top five oil refining nations. The country now operates 23 world-class refineries with a total capacity of 258.2 million metric tonnes per annum. Petroleum product exports have grown significantly, reaching 64.7 million tonnes in 2024-25 compared to 55.5 million tonnes a decade earlier. With ambitious expansion plans targeting 400-450 MMTPA capacity, India is positioning itself as a global energy hub while maintaining environmental standards through BS-VI fuel production.

Key Points: India Among Top 5 Global Oil Refining Countries Says Puri

  • India's refining capacity reaches 258.2 MMTPA across 23 world-class refineries
  • Petroleum exports surged to 64.7 million tonnes in 2024-25 from 55.5 million tonnes
  • All refineries now produce BS-VI fuels among world's cleanest standards
  • India targets 400-450 MMTPA capacity to become global energy hub by 2030
2 min read

India among world's top 5 oil refining countries: Hardeep Puri

India now ranks among world's top 5 oil refining nations with 258.2 MMTPA capacity, exporting to 50+ countries and targeting 400-450 MMTPA by 2030.

"India's oil refining story is a story of growth, innovation and self-sufficiency - Hardeep Singh Puri"

New Delhi, Nov 8

Minister of Petroleum and Natural Gas Hardeep Singh Puri on Saturday said that India with its 23 world-class refineries and a total capacity of 258.2 MMTPA (million metric tonnes per annum) now stands among the top five refining nations in the world.

"India's oil refining story is a story of growth, innovation and self-sufficiency. From meeting domestic demand to fuelling global markets -- the journey has been remarkable," the Minister observed in a post on X.

He highlighted that in 2024-25, the country’s petroleum product exports reached 64.7 million tonnes -- up from 55.5 million tonnes in 2014-15.

"Every refinery today produces BS-VI fuels, which are among the cleanest in the world and with new petrochemical hubs in Rajasthan and Odisha, India is redefining the future of energy under PM Narendra Modi’s leadership," the minister added.

He earlier said that the country is on track to reach around 310 MMTPA by 2030, with long-term plans to scale further to 400–450 MMTPA to become a global refining and energy hub.

Addressing the inaugural session of the Energy Technology Meet recently, the minister said this expansion will come at a time when around 20 per cent of existing global refining capacity faces potential closure by 2035 with over 100 refineries expected to shut down worldwide.

While the global energy market is expected to grow at a slow pace, India stands out as a bright spot, projected to contribute nearly 30-33 per cent of global energy demand growth in the coming decades, he added.

Hardeep Singh Puri also observed that India's refineries are world-class, globally integrated, and export-ready. India is already among the top seven exporters of petroleum products, with exports to more than 50 countries valued at over $45 billion in FY 2024-25.

The Minister underlined the importance of innovation and indigenization in India’s energy ecosystem with the country achieving nearly 80 per cent import substitution across the energy value chain.

The minister stressed that India's energy strategy encompasses both fuel and petrochemical growth as part of a calibrated transition toward sustainability. He said that while the share of traditional fuels will gradually reduce, they will continue to play a major role for decades as India moves toward its 2047 goals.

- IANS

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Reader Comments

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Priya S
Great achievement but I hope this growth doesn't come at the cost of our environment. The minister mentioned BS-VI fuels which is good, but we need to ensure strict compliance across all refineries. Green growth should be the priority.
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Arjun K
$45 billion in petroleum exports! That's massive for our forex reserves. And we're exporting to 50+ countries. This is the kind of economic strength we need to become a developed nation by 2047. Jai Hind! 🇮🇳
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Sarah B
While the numbers look good, I'm concerned about the timing. With global refining capacity shrinking and climate concerns rising, should we be investing so heavily in fossil fuels? What about renewable energy investments?
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Vikram M
The 80% import substitution across energy value chain is the real achievement here. This reduces our dependency on other countries and strengthens our energy security. Aatmanirbhar Bharat in action! 💪
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Michael C
Interesting to see India positioning itself as a global refining hub while other countries are shutting down refineries. Smart strategic move to capture market share when others are retreating. The 30-33% energy demand growth projection shows India's economic momentum.
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Ananya R
Hope this

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