Indian refiners bet on petrochems to cater rising demand, avoid low margins

Indian refiners have turned their focus to raising production of petrochemicals to cater for rising demand and help hedge against lower refined fuel margins, the country's oil secretary and company officials said on Wednesday. "We need more petrochemicals because that's what we are importing at the moment," Oil secretary Tarun Kapoor said at the India Energy Forum organised by IHS CERAWeek.

"Diesel demand is not likely to increase at the same pace as the requirement for petrochemicals," Kapoor said. "We.

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