Prime Minister Narendra Modi is set to inaugurate India’s 24th oil refinery on July 4, marking a significant expansion of the country’s domestic processing infrastructure.
The facility, located in Pachpadra, Rajasthan, is described as the nation’s first greenfield integrated refinery-cum-petrochemical complex, signaling a strategic push to deepen downstream capabilities beyond simple fuel production.
93 million barrels per day in June, with Russian supplies accounting for more than half of the total volume.
The commissioning comes at a critical juncture for India’s energy sector.
Recent data indicates that crude oil imports surged to an all-time high of 4.93 million barrels per day in June, with Russian supplies accounting for more than half of the total volume.
This reliance on external feedstock underscores the strategic importance of expanding domestic refining capacity to mitigate supply chain vulnerabilities and enhance energy security.
By integrating petrochemical production with refining operations, the new complex aims to capture higher value from crude inputs, reducing dependence on imported finished products.