Page 2 - FIPI - Policy Economic Report - May 2025
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 5
Lessons from Economics..........................................................................................24
Oil Market .....................................................................................................................25
Crude oil price – Monthly Review .........................................................................................25
Indian Basket Crude oil price ................................................................................................27
Oil production situation .......................................................................................................27
Oil demand situation............................................................................................................28
Global petroleum product prices ..........................................................................................29
Petroleum products consumption in India ............................................................................31
Natural Gas Market....................................................................................................32
Natural Gas Price – Monthly Review.....................................................................................32
Monthly Report on Natural gas production, imports, and consumption – April 2025..............35
Key developments in Oil & Gas sector.................................................................37
Key Policy developments/Significant news in Energy sector.....................38
May 2025 Page | 1
