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Spurt in consumption: Ministry puts a task force in place
Aug 25: The Indian government seems to be worried about being caught off guard by the massive increase in POL demand in the country against the backdrop of a rapid advance of disruptive technologies such as the electric car
8As urbanization brings about a spurt in consumption of petrol and diesel, there is consternation in Shastri Bhavan over whether India will have adequate refining capacity to keep pace.
8Juxtaposed against this is the counter narrative of India going all electric with its motor vehicle fleet after 2030.
8"In these volatile times, estimating the demand for refinery capacity is fraught with uncertainty," a petroleum ministry source told this website.
8A refinery capacity assessment task force has been set up to estimate domestic POL demand and the concomitant capacity that will be needed to meet this demand.
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