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POLICY AND ECONOMIC REPORT
                   OIL & GAS MARKET

                                 Key developments in Oil & Gas sector

               • Monthly Production Report for January, 2025

               1. Production of Crude Oil

               Indigenous crude oil and condensate production during January 2025 was 2.5 MMT. OIL registered a
               production of 0.3 MMT, ONGC registered a production of 1.6 MMT whereas PSC/RSC registered
               production of 0.6 MMT during January 2025. There is a de-growth of 1.2% in crude oil and condensate
               production during January 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 January 2025 (P) was 3066 MMSCM which was lower by
               2.3% compared with the corresponding month of the previous year. The cumulative gross production of
               natural gas of 30376 MMSCM for the current financial year till January 2025 was higher by 0.1% compared
               with the corresponding period of the previous year.

               3. Crude Oil Processed (Crude Throughput)

               Total Crude oil processed during January 2025 was 23.7 MMT which is 5.2% higher than January 2024,
               where PSU/JV refiners processed 16.4 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 21.6 by all Indian
               refineries (PSU+JV+PVT). There was a growth of 2.5% in total crude oil processed in April-January 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 January 2025 which is 8.3% higher than January
               2024. Out of 24.9 MMT, 24.6 MMT was from refinery production & 0.3 MMT was from fractionator. There
               was a growth of 3.4% in production of petroleum products in April-January FY 2024 – 25 as compared to
               same period of FY 2023 – 24. Out of total POL production, in January 2025, share of major products
               including HSD is 41.8%, MS 17.3%, Naphtha 6.2%, ATF 6.6%, Pet Coke 5.2%, LPG 4.5%, and rest is shared
               by Bitumen, FO/LSHS, LDO, Lubes & others.

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