Page 41 - Policy Economic Report - April 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key developments in Oil & Gas sector

• Monthly Production Report for March, 2025

1. Production of Crude Oil

Indigenous crude oil and condensate production during March 2025 was 2.4 MMT. Nomination fields of
OIL registered a production of 0.3 MMT, Nomination fields of ONGC registered a production of 1.6 MMT
whereas PSC/RSC which includes production from Private/JV and PSU registered production of 0.5 MMT
during March 2025. There is a de-growth of 3.1% in crude oil and condensate production during March
2025 as compared with the corresponding period of the previous year.

2. Production of Natural Gas

Gross production of natural gas for the month of March 2025 (P) was 2988 MMSCM which was lower by
4.8% compared with the corresponding month of the previous year. The cumulative gross production of
natural gas of 36113 MMSCM for the current financial year till March 2025 was lower by 0.9% compared
with the corresponding period of the previous year.

3. Crude Oil Processed (Crude Throughput)

Total Crude oil processed during March 2025 was 22.9 MMT which is 1.9% lower than March 2024, where
PSU/JV refiners processed 16.3 MMT and private refiners processed 6.6 MMT of crude oil. Total
indigenous crude oil processed was 2.1 MMT and total Imported crude oil processed was 20.8 by all Indian
refineries (PSU+JV+PVT). There was a growth of 2.3% in total crude oil processed in April-March current
Financial Year as compared to same period of previous Financial Year.

4. Production of Petroleum Products

Production of petroleum products was 24.9 MMT during March 2025 which is 0.1% higher than March
2024. Out of 24.9 MMT, 24.6 MMT was from refinery production & 0.3 MMT was from fractionator. There
was a growth of 2.9% in production of petroleum products in April-March FY 2024 – 25 as compared to
same period of FY 2023 – 24. Out of total POL production, in March 2025, share of major products
including HSD is 42.4%, MS 17.8%, Naphtha 6.0%, ATF 6.0%, Pet Coke 5.3%, LPG 4.3%, and rest is shared
by Bitumen, FO/LSHS, LDO, Lubes & others.

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