India seeks bigger share of diesel exports on refining capacity boom
XLE•India’s diesel exports are set to surge from 2027 as state refiners add 16.5 million tons of annual diesel capacity. The country aims to expand total refining capacity to 300 million tons per year by 2030, with a further increase to 400 million tons later.
1. Diesel capacity expands
India’s diesel exports are set to rise from 2027 as state-run refiners expand capacity, industry officials said. State refiners will add 16.5 million tons of annual diesel production capacity by 2027.
2. Refiners outline plans
Indian Oil Corp aims to add about 18 million tons of annual refining capacity, producing about 8 million tons of additional diesel per year. Hindustan Petroleum Corp expects its new refinery in Rajasthan to produce 3 million tons of diesel next year, while Bharat Petroleum Corp plans 1.5 million tons of extra diesel production from next year. Oil India’s subsidiary Numaligarh refinery is set to add 3 million tons of diesel production as it expands to 9 million tons of annual capacity in March next year.
3. India’s refining ambitions
India aims to reach 300 million tons per year of refining capacity by 2030 and 400 million tons later. The country is the second-largest exporter of seaborne diesel this year, behind the United States, according to ship-tracking data cited in the article.
