India Oil and Gas Downstream Market Size & Share 2033

India Oil and Gas Downstream Market Size, Share, Trends and Forecast by Type, Distribution, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31009

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India Oil and Gas Downstream Market Size and Share:

The India oil and gas downstream market size reached 166.93 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 233.43 Million Tons by 2033, exhibiting a growth rate (CAGR) of 3.50% during 2025-2033. The market benefits from rising energy demand, increasing vehicle ownership, and industrial expansion, supported by government initiatives for refinery modernization, ethanol blending, and cleaner fuels. Additionally, infrastructure investments and digitalization improve operational efficiency, driving sustained growth in refining and distribution.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	166.93 Million Tons
Market Forecast in 2033	233.43 Million Tons
Market Growth Rate (2025-2033)	3.50%

India Oil and Gas Downstream Market Trends:

Expansion of Refining Capacity and Infrastructure Development

India is ramping up investments to expand its refining capacity by 56 MMTPA, targeting 310 MMTPA by 2028 to meet growing domestic fuel demand and improve energy security. Public sector units like Indian Oil Corporation and private firms such as Reliance Industries are upgrading refineries with cleaner fuel technologies and efficiency enhancements. Strategic projects, including the 60 MMTPA Ratnagiri Refinery and Petrochemical Complex, are set to boost refining throughput. The government is also pushing for integrated refinery-petrochemical complexes to strengthen downstream value chains. Pipeline expansions and new storage terminals are being developed to streamline distribution and reduce logistics issues. These developments are positioning India as a global refining and petrochemical export hub while ensuring a stable and self-reliant fuel supply for the nation’s future energy needs.

India Oil and Gas Downstream Market Size

Digitalization and Technological Advancements

Digital transformation is a major in India's downstream oil and gas industry. Refining plants and networks are embracing technologies such as predictive maintenance, process automation, and real-time data analysis to improve operational efficiency and minimize downtime. IoT-based sensor deployment, artificial intelligence (AI)-facilitated inventory management, and blockchain-assisted supply chain tracking are optimizing resource allocation and enhancing fuel quality traceability. Fuel retail stations are also moving towards technology-driven energy centers with intelligent payment systems, reward programs, and incorporated electric vehicle (EV) charging stations. Additionally, digital twins and cloud platforms are being utilized for improved refinery design and monitoring of performance. These technologies are facilitating cost competitiveness, enhanced safety norms, and customer-oriented delivery of services throughout the downstream value chain.

Shift Toward Cleaner and Greener Fuels

India’s downstream oil and gas sector is advancing toward sustainability by adopting cleaner fuel technologies and reducing import dependence. The government has accelerated the target for 20% ethanol blending (E20) in petrol from 2030 to 2025, driving significant changes in refining and distribution. Refineries are upgrading with desulfurization and hydrocracking units to produce low-emission fuels. Bharat Stage VI (BS-VI) fuels with 10 ppm sulfur content are now standard nationwide. Oil marketing companies are expanding their portfolios to include ethanol-blended fuels, compressed biogas (CBG), and hydrogen-blended fuels. These shifts are reinforced by growing consumer demand for cleaner energy and regulatory pressure to cut emissions. The development of alternative fuels and cleaner refining processes marks a strategic transformation in India’s fuel ecosystem, supporting energy security and environmental goals.

India Oil and Gas Downstream Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type and distribution.

Type Insights:

Refineries
Petrochemical Plants

The report has provided a detailed breakup and analysis of the market based on the type. This includes refineries, and petrochemical plants.

Distribution Insights:

Retail
Wholesale
Commercial

A detailed breakup and analysis of the market based on the distribution have also been provided in the report. This includes retail, wholesale, and commercial.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Oil and Gas Downstream Market News:

In February 2025, India is set to launch new oil and gas licensing rounds to boost domestic hydrocarbon output and reduce import dependence, Oil Minister Hardeep Puri announced. With demand rising, energy will also feature in talks between U.S. President Trump and Prime Minister Modi. India, which imports over 80% of its crude needs, is intensifying efforts to enhance local production, including ONGC’s partnership with BP to increase output from the Mumbai High field.
In August 2024, Oil India Ltd. is pursuing aggressive growth by expanding upstream exploration and boosting downstream capacity, targeting a threefold increase at Numaligarh Refinery. The company is also venturing into bio-ethanol, green hydrogen, and critical minerals as part of a broader diversification strategy. Chairman Ranjit Rath emphasized that continuous investments across hydrocarbons and alternative energy are vital for India’s energy security, with plans to double exploration acreage, focusing significantly on offshore regions.

India Oil and Gas Downstream Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million Tons
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Distribution Region
Types Covered	Refineries, Petrochemical Plants
Distributions Covered	Retail, Wholesale, Commercial
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India oil and gas downstream market performed so far and how will it perform in the coming years?
What is the breakup of the India oil and gas downstream market on the basis of type?
What is the breakup of the India oil and gas downstream market on the basis of distribution?
What is the breakup of the India oil and gas downstream market on the basis of region?
What are the various stages in the value chain of the India oil and gas downstream market?
What are the key driving factors and challenges in the India oil and gas downstream market?
What is the structure of the India oil and gas downstream market and who are the key players?
What is the degree of competition in the India oil and gas downstream market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India oil and gas downstream market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India oil and gas downstream market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India oil and gas downstream industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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