Page 47 - Policy Economic Report_Mar'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key developments in Oil & Gas sector

? Monthly Production Report for February, 2025

1. Production of Crude Oil

Indigenous crude oil and condensate production during February 2025 was 2.2 MMT. Nomination fields
of OIL registered a production of 0.3 MMT, Nomination fields of ONGC registered a production of 1.4
MMT whereas PSC/RSC which includes production from Private/JV and PSU registered production of 0.6
MMT during February 2025. There is a de-growth of 5.1% in crude oil and condensate production during
February 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 February 2025 (P) was 2749 MMSCM which was lower
by 6.7% compared with the corresponding month of the previous year. The cumulative gross production
of natural gas of 33125 MMSCM for the current financial year till February 2025 was lower by 0.5%
compared with the corresponding period of the previous year.

3. Crude Oil Processed (Crude Throughput)

Total Crude oil processed during February 2025 was 21.6 MMT which is 3.4% higher than February 2024,
where PSU/JV refiners processed 14.6 MMT and private refiners processed 6.9 MMT of crude oil. Total
indigenous crude oil processed was 1.8 MMT and total Imported crude oil processed was 19.7 by all
Indian refineries (PSU+JV+PVT). There was a growth of 2.6 % in total crude oil processed in April-
February current Financial Year as compared to same period of previous Financial Year.

4. Production of Petroleum Products

Production of petroleum products was 22.5 MMT during February 2025 which is 0.2% higher than
February 2024. Out of 22.5 MMT, 22.3 MMT was from refinery production & 0.3 MMT was from
fractionator. There was a growth of 3.1 % in production of petroleum products in April-February FY 2024
– 25 as compared to same period of FY 2023 – 24. Out of total POL production, in February 2025, share
of major products including HSD is 42.5%, MS 17.5%, Naphtha 6%, ATF 5.8%, Pet Coke 5.3%, LPG 4.5%,
and rest is shared by Bitumen, FO/LSHS, LDO, Lubes & others.

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