Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand. By 2030, India's demand for petrol and diesel is expected to go up by two-thirds to 170 billion litres, as an expanding middle class spends on cars and air travel. The 180,000-barrel-per-day refinery and petrochemical project in the state bordering Pakistan is being built by the country's third-biggest state refiner Hindustan Petroleum Corp Ltd (HPCL) in a tie-up with the ...
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India's oil imports in 2017 surged to a record 4.4 million bpd
Modi inaugurates $6.8-bn fuel refinery in Rajasthan to meet demand surge
The project is now estimated to be completed by 2022-23
Reuters Last Updated at January 16, 2018 21:54 IST
First Published: Tue, January 16 2018. 21:54 IST
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