Insights / News vs. Numbers
IOCL Panipat Refinery +200 kbd: India’s next crude-demand engine starts taking shape to reach 500 kbd. Crude and products market shifts in 2027?
200 kbd of new refining capacity does not simply mean 200 kbd more crude demand. IndianOil’s Panipat expansion from ~300 kbd to ~500 kbd is nearing the finish line, with December 2026 targeted for completion. But the bigger market story is what happens next.…
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