• India has witnessed a spectacular growth in the refining sector over the years. From a deficit scenario in 2001, the country achieved self-sufficiency in Refining and today is a major exporter of Quality Petroleum Products.
• Today India is the global refining hub with refining capacity of 248.9 MMTPA and is the fourth largest in the world after the United States, China and Russia.
• There are total 23 refineries in the country, 18 in the Public Sector, 2 in the Joint Venture and 3 in the Private Sector well spread geographically and connected with cross country pipelines.

Marketing

• India consumed ~204 MMT of petroleum products in FY22, a 5% Y-o-Y increase over FY21. The consumption is catered to by a network of more than 300 POL terminals/ depots, 275 aviation fuel stations, 85,000 retail outlets, 6400 SKO/ LDO agencies, 25,000 LPG distributors etc. While majority of the marketing infrastructure belong to PSUs, private sector companies such as Shell, RIL, NEL are also gradually expanding their market presence.
• Gas consumption has also increased 5% Y-o-Y in FY22. A significant portion of the gas consumed is marketed using city gas infrastructure which comprises of over 4800 CNG/LNG stations and 10 million PNG connections. Private investors have shown great interest in CGD business.