Page 37 - Policy Economic Report - December 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key developments in Oil & Gas sector

Monthly Production Report for November, 2025

1. Production of Crude Oil

Indigenous crude oil and condensate production during November 2025 was 2.3 MMT. Around 76% of
production came from Nomination Fields, 13.4% from Pre-NELP Fields and 10.4% from NELP fields, during
November 2025. There is a de-growth of 2.6% in crude oil and condensate production during November
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 November 2025 (P) was 2900 MMSCM which was lower
by 2.4% compared with the corresponding month of the previous year. The cumulative gross production
of natural gas of 23439 MMSCM for the current financial year till November 2025 was lower by 3.3%
compared with the corresponding period of the previous year.

3. Crude Oil Processed (Crude Throughput)

Total Crude oil processed during November 2025 was 22.3 MMT which is 2.3% higher than November
2024, where PSU/JV refiners processed 15.1 MMT and private refiners processed 7.3 MMT of crude oil.
Total indigenous crude oil processed was 2.1 MMT and total Imported crude oil processed was 20.2 by all
Indian refineries (PSU+JV+PVT). There was a growth of 2.1% in total crude oil processed in April-November
current Financial Year as compared to same period of previous Financial Year.

4. Production of Petroleum Products

Production of petroleum products was 23.3 MMT during November 2025 which is -0.2% lower than
November 2024. Out of 23.3 MMT, 23 MMT was from refinery production & 0.3 MMT was from
fractionator. There was a growth of 0.5% in production of petroleum products in April-November FY 2025
– 26 as compared to same period of FY 2024 – 25. Out of total POL production, in November 2025, share
of major products including HSD is 41.5%, MS 18.1%, Naphtha 6.3%, ATF 5.8%, Pet Coke 5.4%, LPG 4.4%,
and rest is shared by Bitumen, FO/LSHS, LDO, Lubes & others.

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