Page 43 - Policy Economic Report - April 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key developments in Oil & Gas sector

Monthly Production Report for March 2026

1. Production of Crude Oil

Indigenous crude oil and condensate production during March 2026 was 2.3 MMT. Around 78% of
Production came from Nomination Fields, 12.8% from Pre-NELP Fields and 9.1% from NELP Fields, during
March 2026. A de-growth of 5.3 % has been registered in crude oil and condensate production during
March 2026 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 2026 (P) was 2874 MMSCM which was lower by
4.9% compared with the corresponding month of the previous year.

3. Crude Oil Processed (Crude Throughput)

Total Crude oil processed during March 2026 was 23.5 MMT, which is -1.8 % lower than March 2025, out
of which PSU/JV refiners processed 16.4 MMT and private refiners processed 7.1 MMT of crude oil. Total
indigenous crude oil processed was 2.1 MMT and total Imported crude oil processed was 21.4 by all Indian
refineries (PSU+JV+PVT). A growth of 1.3 % has been registered in total crude oil processed in April-March
during current Financial Year as compared to same period of previous Financial Year.

4. Production of Petroleum Products

Production of petroleum products was 25.1 MMT during March 2026, which is 1% higher than March
2025. Out of 25.1 MMT, 24.9 MMT was from refinery production & 0.3 MMT was from fractionator. A
growth of 0.4 % was observed in production of petroleum products in April-March FY 2025 – 26 as
compared to same period of FY 2024 – 25. Of the total POL production in March 2026, share of major
products including HSD is 42.9%, MS 17%, Naphtha 5.6%, ATF 5%, Pet Coke 5.1%, LPG 5.5%, and rest is
shared by Bitumen, FO/LSHS, LDO, Lubes & others.

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