India will have the largest oil refinery in the world. What does that mean for future oil prices?

Question

India will have the largest oil refinery in the world. What does that mean for future oil prices?

Answer 1

What will mainly impact gas prices as far as oil refineries would be a new refinery in the US (don't hold your breath)

Answer 2

Very little.   Oil refineries don't produce oil, they consume it and produce fuels (gasoline/diesel/kerosene/&c).  If there was an oil glut and there wasn't enough refinery capacity to make fuels out of it, it would lower the prices of fuels by increasing supply without affecting the price of oil, but right now the bottleneck is oil production, not refining.