On slippery ground: Refining capacity rises just 5% in 7 years
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India’s refining capacity expansion has significantly slowed. It has added only 5% in seven years against a planned 69% rise. Climate concerns, land issues, and the pandemic contributed to this slowdown. This lag has increased India’s reliance on petroleum imports. Domestic demand is surging. Experts emphasize the need for swift refinery projects to support India’s growing economy.