India set for major boost to crude refining capacity

New Delhi is planning to increase fuel production by over 20% in the next five years India is poised to significantly increase its crude refining capacity in an effort to accommodate its growing demand for fuel, Bloomberg reported on Wednesday. The world’s third-largest crude oil importer, India, seeks to raise production of transport fuels such as gasoline and diesel by increasing processing capacity by more than 20% over the next five years in what could be the last refining boom in the world, the outlet said. According to India’s junior oil minister, Rameswar Teli, crude processing capacity is projecte

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