Page 2 - Policy Economic Report - April 2026
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 8
Lessons from Economics..........................................................................................28
Oil Market .....................................................................................................................30
Crude oil price – Monthly Review .........................................................................................30
Indian Basket Crude oil price ................................................................................................32
Oil production situation .......................................................................................................32
Oil demand situation............................................................................................................33
Global petroleum product prices ..........................................................................................34
Petroleum products consumption in India ............................................................................36
Natural Gas Market....................................................................................................37
Natural Gas Price – Monthly Review.....................................................................................37
Monthly Report on Natural gas production, imports, and consumption – March 2026 ...........40
Key developments in Oil & Gas sector.................................................................42
Key Policy developments/Significant news in Energy sector.....................43
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