India is a major demand centre and supply hub of petroleum products in Asia. Infact, with demand for petrol growing at 6%, the country is anticipated to surpass China by 2018 becoming Asia’s fastest growing oil market. Having said that, despite this growing demand India might not see greenfield refinery capacities coming its way for atleast upcoming 2-3 years here on. But, this doesn’t fade way the investment attractiveness of the refining industry in India, as the country plans to focus on modernizing , technologically upgrading and capacity expansion of the already existing refineries.
Key Queries Resolved
- What are the key factors driving refinery business market in India?
- What shall be the market for refined products in India till 2022?
- How fair would be the gasoline market in India till 2022?
- What would be the demand-supply dynamics of petrochemicals till 2022?
- How fair would be the LPG market in India till 2022?
- Whether the future of refining industry in India would be a continuous retreat or rising profitability?
- What would be the demand of diesel oil in India till 2022?
- What would be the capital investment trends in upcoming refineries in India?
- What would be the player wise refining capacity expansions in India till 2022?
- What would be the market share of players into India’s refining industry till 2022 by capacity?
- What would be the market share of players into India’s refining industry till 2022 by revenue?
- What would be the market share of players into India’s refining industry till 2022 by products?
Business Case In Indian Refineries Sector
- With a growth of 6 percent , India projected to surpass China as fastest growing oil market in 2018
- Government is formulating national policy for petrochemicals after a white paper that proposed a fund to boost investment
- India is projected to witness a expansion in the petrochemical market size to the tune of USD 65-70 Billion by 2020
- BPCL, HPCL & IOCL all together plans to invest INR 2.7 Trillion to build world’s biggest crude refinery with a capacity of 1.2 Million Barrels per day
- Government of India trying to use India’s market size as the world’s third largest oil consumer to strike better deals with oil exporters and attract investments into India’s exploration and refining industry