Mumbai/New Delhi, Sept. 20 (Reuters): Reliance Industries, operator of the world's largest refining complex, is considering expanding its refining capacity by over 40 per cent by 2030, according to sources .

Reliance may expand the capacity at its dual refinery complex at Jamnagar in Gujarat by 30 million tonnes (mt) a year to 100mt per year, according to sources who saw the expansion plans in a presentation on potential energy scenarios to 2030 made to the ministry of petroleum and natural gas.

The plans signal that Reliance remains bullish on the outlook for the country's fuel demand even as the government is considering plans to electrify all of the country's vehicles by 2032. Still, India's demand for diesel and gasoline to power existing and future combustion engine vehicles will likely remain strong as its population grows and becomes more wealthy.

"The plan is to have petrol and diesel output capacity of close to 60 million tonnes by 2030, produced from cheaper heavy grades," said one of the sources. Reliance did not respond to an emailed request for a comment on the possible expansion.

Reliance operates two refineries at Jamnagar with an installed capacity of 1.2 million barrels per day (bpd), or 60 million tonnes per year. The plants typically operate above their installed capacity and process 1.4 million bpd of crude, or about 70 million tonnes per year.