Indian Oil to raise diesel exports with refining capacity boost
1/28/2026 8:00:00 AM
Indian Oil Corp. expects its annual diesel exports to rise sharply to up to 5 metric MMtpy from 2027 as it expands refining capacity, the company's head of marketing told reporters at the India Energy Week conference.
IOC is raising its annual refining capacity to 98 MMtpy in a year and a half from 80 MMtpy currently, S.P. Srivastava said.
The company operates nearly 41,000 retail fuel stations in India, but Srivastva said that IOC's retail network would be expanded to more than 44,000 over the next two years, adding that he expects India's jet fuel demand to grow 10% a year until 2030.
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