Page 54 - Policy Economic Report -August 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

Key developments in Oil & Gas sector

Monthly Production Report for July 2026

1. Production of Crude Oil

Indigenous crude oil and condensate production during July 2026 was 2.3 MMT. Around 78.7% of
production came from Nomination Fields, 11.8% from Pre-NELP Fields and 9.3% from NELP Fields, during
July 2026. There is a de-growth of 5.3% in crude oil and condensate production during July 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 July 2026 was 2864 MMSCM which was lower by 3.48%
compared with the corresponding month of the previous year.

3. Crude Oil Processed (Crude Throughput)

Total Crude oil processed during July 2026 was 23.8 MMT, which is 2% higher than July 2025, out of which
PSU/JV refiners processed 15.8 MMT and private refiners processed 8 MMT of crude oil. Total indigenous
crude oil processed was 2.1 MMT and total Imported crude oil processed was 21.6 by all Indian refineries
(PSU+JV+PVT). There was a de-growth of 1% in total crude oil processed in April-July during current
Financial Year as compared to same period of previous Financial Year.

4. Production of Petroleum Products

Production of petroleum products was 24.8 MMT during July 2026, which is 3% higher than July 2025. Out
of 24.8 MMT, 24.5 MMT was from refinery production & 0.3 MMT was from fractionator. There was a de-
growth of 2.5% in production of petroleum products in April-July FY 2026–27 (P) as compared to same
period of FY 2025–26. Out of total POL production in July 2026, share of major products including HSD is
41.9%, MS 17.5%, Naphtha 6.5%, ATF 5.1%, Pet Coke 4.8%, LPG 4.9%, and rest is shared by Bitumen,
FO/LSHS, LDO, Lubes & others.

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