Sector Snapshot · Consumable Fuels

India's Energy Demand Keeps Climbing

A fast-read primer on India's oil, gas and consumable fuels sector — the backdrop against which we benchmark every company's cost structure in this category.

India's rank as world's largest energy consumer

258.12 MMTPA

Refining capacity, FY25

239.22 MMT

Petroleum consumption, FY25

India's rank as largest LNG importer

10.35 crore

Beneficiaries under Ujjwala Yojana (LPG)

Consumption and Refining Capacity Both Keep Growing

India's fuel demand has grown steadily for a decade, and refining capacity is set to nearly double by 2030.

Petroleum Product Consumption (MMT)

FY14 → FY25

158.4 MMT

FY14

239.22 MMT

FY25

Refining Capacity (MMTPA)

FY25 → 2030 target

258.12

FY25

~475

2030 Target

What's Pushing the Sector Forward

Rising demand, major expansion plans, and consistent policy support define the sector.

Scale & Demand

World's 3rd-largest energy consumer and oil consumer
Primary energy demand to nearly double by 2040 as GDP grows to US$8.6 trillion

Expansion Plans

Refining capacity to nearly double to 450-500 MMTPA by 2030
Rs3,28,227cr (US$37bn) capex planned for a petrochemicals push by 2030

Policy Support

FDI limit for PSU refining projects raised to 49%
Rs5,597cr allocated to Strategic Petroleum Reserves (ISPRL) Phase II

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India's LNG imports rose 15.4% YoY to 32,448 MMSCM in FY26 (Apr-Feb).
→ Crude oil production rose to 25.63 MMT in FY26 (Apr-Feb), with natural gas output up 6.4%.
→ Over 33% of India's fuel retail outlets now offer alternate fuels, including EV charging.
→ Pradhan Mantri Ujjwala Yojana beneficiaries reached ~10.35 crore as of December 2025.
→ India's petroleum product exports reached 56.94 million tonnes in FY26 (Apr-Feb).
→ Natural gas consumption is projected to grow ~60% by 2030, reaching 71,314 MMSCM.

Companies We Benchmark in This Sector

Listed Indian Consumable Fuels companies in tDoBe's cost-benchmarking coverage.

Coal India

Bharat Coking Coal

Sindhu Trade Links

Anmol India

Reetech International

Foundry Fuel

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Consumable Fuels Report

Compiled from public government and industry sources, February 2026 update · Figures rounded · tDoBe sector snapshot, for informational purposes