Page 40 - Policy & Economic Report - June 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key developments in Oil & Gas sector

Monthly Production Report for May, 2025

1. Production of Crude Oil

Indigenous crude oil and condensate production during May 2025 was 2.4 MMT. OIL registered a
production of 0.3 MMT, ONGC registered a production of 1.5 MMT whereas PSC/RSC registered
production of 0.6 MMT during May 2025. There is a de-growth of 1.7% in crude oil and condensate
production during May 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 May 2025 (P) was 2979 MMSCM which was lower by
4.0% compared with the corresponding month of the previous year. The cumulative gross production of
natural gas of 5888 MMSCM for the current financial year till May 2025 was lower by 2.9% compared with
the corresponding period of the previous year.

3. Crude Oil Processed (Crude Throughput)

Total Crude oil processed during May 2025 was 23.1 MMT which is 0.4% higher than May 2024, where
PSU/JV refiners processed 15.6 MMT and private refiners processed 7.5 MMT of crude oil. Total
indigenous crude oil processed was 1.8 MMT and total Imported crude oil processed was 21.3 MMT by all
Indian refineries (PSU+JV+PVT). There was a de-growth of -0.1 % in total crude oil processed in April-May
current Financial Year as compared to same period of previous Financial Year.

4. Production of Petroleum Products

Production of petroleum products was 24.3 MMT during May 2025 which is 1% higher than May 2024.
Out of 24.3 MMT, 24 MMT was from refinery production & 0.3 MMT was from fractionator. There was a
de-growth of -1.6 % in production of petroleum products in April-May FY 2025–26 as compared to same
period of FY 2024–25. Out of total POL production, in May 2025, share of major products including HSD is
42.1%, MS 17.1%, Naphtha 7.1%, ATF 6.2%, Pet Coke 4.9%, LPG 4.4%, and rest is shared by Bitumen,
FO/LSHS, LDO, Lubes & others.

June 2025 Page | 39