Source: OPEC
Source: OPEC
Source: OPEC
Source: OPEC
Source: OPEC
Source: OPEC
Source: OPEC
Source: OPEC
Source: OPEC
Source: OPEC
Source: Ministry of Petroleum and Natural Gas, Government of India
Source: Ministry of Petroleum and Natural Gas, Government of India
Source: Ministry of Petroleum and Natural Gas, Government of India
Source: OPEC
* Potential: based on expected distillation capacity expansion; assuming no closures.
** Required: based on projected demand increases assuming no change in refined products trade pattern.
Source: Ministry of Petroleum and Natural Gas, Government of India
Levels (mboe/d) | Growth (mboe/d) | Growth (% p.a.) | Fuel share (%) | |||||||
2020 | 2025 | 2030 | 2035 | 2040 | 2045 | 2020-2045 | 2020-2045 | 2020 | 2045 | |
Oil | 4.4 | 5.8 | 7.1 | 8.4 | 9.7 | 10.8 | 6.4 | 3.7 | 25.2 | 28.6 |
Coal | 7.6 | 9.4 | 10.9 | 12.4 | 13.4 | 13.8 | 6.1 | 2.4 | 43.7 | 36.3 |
Gas | 1 | 1.5 | 2 | 2.6 | 3.2 | 3.8 | 2.8 | 5.4 | 5.9 | 10.1 |
Nuclear | 0.2 | 0.4 | 0.5 | 0.8 | 1 | 1.3 | 1 | 6.8 | 1.4 | 3.4 |
Hydro | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.3 | 3 | 1.6 | 1.6 |
Biomass | 3.6 | 3.7 | 3.8 | 3.9 | 3.9 | 4 | 0.3 | 0.4 | 20.7 | 10.4 |
Other renewables | 0.3 | 0.6 | 1 | 1.7 | 2.5 | 3.6 | 3.4 | 11.1 | 1.5 | 9.6 |
Total | 17.5 | 21.7 | 25.8 | 30.3 | 34.3 | 37.9 | 20.4 | 3.1 | 100 | 100 |
2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change 2020-2026 | |
Crude | 0.65 | 0.62 | 0.6 | 0.64 | 0.65 | 0.64 | 0.63 | 0.62 | -0 |
NGLs | 0.13 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.01 |
Other unconventionals | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Biofuels | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.06 | 0.07 | 0.04 |
Total | 0.82 | 0.77 | 0.76 | 0.81 | 0.82 | 0.83 | 0.82 | 0.82 | 0.05 |
2019 | 2020 | 2025 | 2030 | 2035 | 2040 | 2045 | Change 2020-2045 | |
Crude | 0.65 | 0.62 | 0.63 | 0.57 | 0.51 | 0.45 | 0.39 | -0.23 |
NGLs | 0.13 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.01 |
Other unconventionals | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
Biofuels | 0.04 | 0.03 | 0.06 | 0.1 | 0.14 | 0.19 | 0.19 | 0.15 |
Total | 0.82 | 0.77 | 0.82 | 0.81 | 0.79 | 0.78 | 0.72 | -0.04 |
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change 2020-2025 | |
Total | 0.77 | 0.8 | 0.88 | 0.97 | 1.01 | 1.01 | 0.24 |
Company | Location | Completion | Distillation capacity (kb/d) |
HPCL | Mumbai, MH (Mahul) | 2021 | 40 |
HPCL | Visakhapatnam, AP | 2022 | 134 |
IOCL | Baraundi, Bihar (Barauni) | 2023 | 60 |
IOCL | Koyali, Gujarat | 2023 | 86 |
Nagarjuna Oil Corporation | Nagarjuna | 2023 | 120 |
IOCL | Panipat (Phase 1) | 2024 | 100 |
Reliance Industries | Jamnagar, Gujarat | 2024 | 116 |
BPCL (NRL) | Numaligarh, AS | 2025 | 121 |
CPCL | Nagapattinam - Cauvery Basin | 2025 | 160 |
HPCL / ONGC | Barmer, Rajasthan | 2025 | 180 |
MRPL | Mangalore, KA | 2025 | 74 |
Nayara Energy(Rosneft (Fmr: Essar Group)) | Vadinar, Gujarat | 2025 | 400 |
Total |   |   | 1591 |