With India´s demand for petroleum products poised to grow at more than three per cent annually and the country expected to see average annual GDP growth of 8-8.5 per cent, the oil ministry has decided to roll out a road map for development of the sector´s infrastructure. This would be for the first time, Petroleum Minister
Dharmendra Pradhan said, that his ministry has proposed a ¨long-term strategy¨ to create infrastructure related to transportation, marketing and production of petroleum products to be able to adequately meet demand till 2050.
¨Currently, we have 46 points for offtake of products. We would have to see how much more would be required by 2030, 2040 and 2050. We should use more inland waterways for transportation of fuel, which would also help reduce cost,¨ explained Pradhan.