FCC

Centre to focus on fuel demand and refining capacity needs

2022-09-05

The Central Government has begun a reassessment of the country's future oil demand and refining capacity requirements following the soaring domestic consumption, delays in planned refineries, and amid the predictions of a quick end to the oil age falter, as per reports. The petroleum planning and analysis cell of the oil ministry has been directed to prepare a fresh report on the future fuel demand and refining capacity needs. In the early days of Covid, everyone seemed to believe that oil demand would quickly drop and give way to alternatives but that doesn't seem to be the case. So, there is a need to have the capacity to meet the demand that's expected to grow for years to come.

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