India is one of the top contributors to the refining sector in 2012, according to the International Energy Agency (IEA). The latest report released by the international entity shows that the country processed 4.5 million barrels per day (mbpd) of crude oil in October 2012, about 680, 000 bpd higher than a year earlier. India's refining capacity was enhanced by 400, 000 bpd in 2012. Another 400, 000 bpd of capacity could be added in 2013 if Indian Oil Corporation's 300,000 bpd Paradip and Nagarjuna's 120,000 bpd Cuddalore refineries are completed by the end of 2013. Indian exports of refined petroleum products marked a great growth in October 2012, where it stood at 1.5 mbpd. Of this, 39 per cent was diesel, 25 per cent gasoline, 15 per cent naphtha and 8 per cent jet fuel.
India's petroleum products' consumption grew by 0.1 per cent year-on-year (y-o-y) in November 2012, according to the Petroleum Planning and Analysis Cell. Cumulative growth for the period April - November 2012 stood at 5.5 per cent. The petrol consumption recorded the highest monthly growth at 13.9 per cent in November 2012 while high-speed diesel recorded a growth of 1.7 per cent .PPAC forecasts that India's petroleum production consumption would rise 6.1 per cent to 157.1 million tonne (MT) in FY13.
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INDIAN INDUSTRIES |
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INDIAN OIL INDUSTRY AT A Glance IN 2011 - 2012
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