The Minister of State for Petroleum and Pure Fuel R.P.N. Singh informed the Lok Sabha that the overall refining capacity of the country has elevated by 67.30 per cent from 127.356 MMTPA in 2004-05 to 213.066 MMTPA as on 1.Four.2012. It is further projected to go as much as 264.966 MMTPA by 2015-sixteen.

He also mentioned that manufacturing capacity of the Indian refineries has been rising consistently throughout the previous couple of years. Accordingly production of various petroleum products is estimated to extend to 216.405 Million Metric Tone (MMT) in 2012-thirteen from 203.993 MMT in 2011-12 and 122.749 MMT in 2004-05. Similarly, the domestic consumption is estimated to extend to 157.068 MMT in 2012-13 from 147.996 in 2011-12 and 111.63 MMT 5 in 2004-05.

Manufacturing of Petroleum Products Estimated to Rise to 216 MMT in 2012-thirteen.

Replying to a different question, the Minister acknowledged that had compensation for below-recoveries not been provided, the combined loss of the three public sector oil advertising and marketing firms throughout 2011-12 would have been Rs.1,31,643 crore (US $ 23 billion). The downstream oil firms could report income only on account of getting important compensation of their underneath-recoveries from the government and public sector upstream oil companies.