Parul
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
Addressing an industry event, Puri said that this would help in achieving the target of 450 million metric tonnes per annum (MMTPA) refining capacity in the country.
“We need to take a few more policy decisions to take it up to 450 MMTPA,” he said.
Currently, India has a refining capacity of 252 MMTPA.
Smaller refineries, Puri said, are easier to install as they face lesser hurdles like land acquisition.
His statement comes against the backdrop of stuck plans of Indian Oil, Bharat Petroleum and Hindustan Petroleum to set up a 60 million metric tonnes per annum (MMTPA) capacity refinery at Ratnagiri in Maharashtra.
