Oil Refining Capacity for PSUs and JVs refineries to increase to 443 MMTPA by 2030: Oil Minister

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Capital Market
Last Updated : Feb 03 2020 | 4:33 PM IST

BS-VI emission standards fuels will be implemented across the country from 01 April 2020

The Union Minister for Petroleum and Natural Gas, Dharmendra Pradhan has informed the Lok Sabha that Oil Public Sector Undertakings (PSUs)/Joint Venture (JV) refineries have plans for capacity addition including investment in greenfield refineries. The refining capacity is expected to increase from 249.4 MMTPA currently, to about 443 MMTPA by 2030.

Government has decided that Bharat Stage-VI (BS-VI) emission standards fuels will be implemented across the country w.e.f. 01 April 2020 and supply of BS-VI fuels in National Capital Territory (NCT) of Delhi has been started w.e.f. 01 April 2018. Government has also started supply of BS-VI auto fuels in 20 Districts of Rajasthan, Uttar Pradesh & Haryana. To meet the incremental demand of petrol and diesel, refineries have capacity expansion/upgradation plan including for supply of BS-VI quality petrol and diesel. Government has also notified the National Policy on Biofuels-2018 on 8 June 2018. The goal of the Policy is to enable availability of bio fuels to increase blending. An indicative target of 20% blending of ethanol in petrol and 5% blending of biodiesel in diesel is proposed by 2030. The goal is to be achieved by reinforcing ongoing ethanol/biodiesel supplies through increasing domestic production, setting up Second Generation bio refineries, development of new feedstock for biofuels, creating suitable environment for biofuels and its integration with the main fuels etc.

Petroleum & Natural Gas Regulatory Board (PNGRB) is the authority to grant authorization to the entities for the development of City Gas Distribution (CGD) network in Geographical Areas (GAs) as per PNGRB Act, 2006. In order to expand natural gas availability across the country, PNGRB identifies GAs for authorizing the development of CGD network in synchronization with the development of natural gas pipeline connectivity and natural gas availability.

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First Published: Feb 03 2020 | 4:10 PM IST

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