India's crude oil refining capacity: a snapshot

The Centre recently announced plans to set up a mega 60 million tonnes per annum (mtpa) refinery on the west coast in two phases.

To be set up at a cost of Rs 1.5 lakh crore, this would be the world's largest refinery complex. IOC, India's largest refiner, is likely to take up 40 per cent stake in the project while BPCL and HPCL will take 20 per cent each.

India's current refining capacity is 230 mtpa, including the just commissioned 15 mtpa IOC refinery at Paradip. The public sector accounts for 66 per cent (150 million tonnes or mt) of the total capacity while the private sector accounts for the rest 34 per cent or 80 MT.

The share of the private sector, including refineries by RIL and Essar Oil, in the total capacity has come down from 37 per cent two years ago.

RIL held the largest refining capacity with its 60 mt Jamnagar refinery complex until April 2015 when IOC pipped the private refiner by commissioning the 15 mtpa Paradip facility, taking IOC's total capacity to 69 mt. India is a net exporter of petroleum products but rising domestic demand and lower global rates have slowed exports. Petroleum product exports dipped 11 per cent in April-December 2015 while domestic consumption grew 9.5 per cent during this period.