April 16, 2012. India's oil refining capacity will exceed 6.2 million barrels per day (bpd) by March 2017 from about 4.26 million bpd. India and other emerging markets are boosting refining capacity to feed rising regional demand, while their counterparts in the United States and Europe restructure or shut plants as fuel sales slow. India's oil consumption is set to grow by over 4 percent in the next 10-15 years as compared to the global oil demand growth of only 0.8 percent.