Prime Minister Narendra Modi said India will keep building crude oil refineries to strengthen supply chain security. He framed the push as necessary even as many Western countries shut refining units.
5:12 AMBloomberg Markets1 story from 1 source
Saturday, July 4, 2026
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5:12 AMBloomberg Markets
Modi Says India Will Keep Expanding Oil Refining Capacity
Summary
Prime Minister Narendra Modi said India will keep building crude oil refineries to strengthen supply chain security. He framed the push as necessary even as many Western countries shut refining units.
Why it matters
More Indian refining capacity can reshape regional fuel trade flows and locks in long-lived fossil infrastructure that will influence both inflation and climate diplomacy.
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