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Refiners processed record oil volume in October: Govt

India set to surpass China as the fastest-growing oil products market in Asia

Reuters  |  New Delhi 

Indian refiners processed a record 5.2 million barrels per day of oil in October as the world's third-biggest oil consumer added extra capacity to meet the rising fuel demand, government data showed on Thursday. The world's third-biggest oil importer sees its diesel and gasoline consumption rising by about two-thirds by 2030, oil minister Dharmendra Pradhan said on Wednesday. The nation, which produces a fraction of its oil consumption, shipped in a record 4.83 million bpd in September ahead of processing to fuel the additional capacities. India, which imports about ...

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First Published: Thu, November 23 2017. 23:46 IST