More bad news on petrol, diesel prices! Economic growth set to be hurt
India`s refining capacity would increase to about 439 million tonnes per year by the financial year of 2030 as new and existing refineries continue enhancing their infrastructure, while domestic demand is forecast to increase to 356 million tonnes per year over the same period, Ghosh said.
The country`s strong economic growth and the demographic advantage of having a pool of young people will remain key drivers in energy demand growth. Image source: Reuters