Hyderabad, Oct 28, 2025

Petroleum Minister Hardeep Singh Puri said on Tuesday that India’s oil refining capacity currently stands at about 258 million metric tonnes per annum (MMTPA) and 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 here, the minister said this expansion will consolidate India’s position among the top three refining hubs globally, as 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 3

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