23 July 2020 Coming decade will mark the period of domestic refineries expansion. Refining capacity, which stands at 250mmtpa in FY20, is expected to grow at a CAGR of 4% and reach 367mmtpa in FY31. ~2x FY1120) are lined up to be commissioned by FY31; however, just one-fourth the capacity has a clear timeline / has seen work commence. LPG yield from refineries has been in the range of 4.54.9% over the last 10 years, and may decline with increasing focus of refiners on producing petrochemicals. LPG production is expected to increase ~1.5x (to 18.5mmtpa) by FY31, while imports could see an increase of ~2.7x (to 36.5mmtpa) over this period. The above scenario assumes that all of the refinery expansion projects would get commissioned by FY31; although, considering only those projects where work has already commenced, the estimated imports CAGR over FY2131 could be ~12%.