Page 55 - Policy Economic Report - September 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

Key developments in Oil & Gas sector

Monthly Production Report for August 2026

1. Production of Crude Oil

Indigenous crude oil and condensate production during August 2026 was 2.3 MMT. Around 78.6% of
Production came from Nomination Fields, 9.3% from Pre-NELP Fields and 11.9% from NELP Fields, during
August 2026. There is a de-growth of 3.6% in crude oil and condensate production during August 2026 as
compared with the corresponding period of the previous year.

2. Production of Natural Gas

Gross Production of natural gas for the month of August 2026 (P) was 2830 MMSCM which was lower by
4.7% compared with the corresponding month of the previous year.

3. Crude Oil Processed (Crude Throughput)

Total Crude oil processed during August 2026 was 22 MMT, which is 1.3% lower than August 2025, out of
which PSU/JV refiners processed 15.2 MMT and private refiners processed 6.8 MMT of crude oil. Total
indigenous crude oil processed was 2.2 MMT and total Imported crude oil processed was 19.9 by all Indian
refineries (PSU+JV+PVT). There was a de-growth of 1% in total crude oil processed in April-August during
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 August 2026, which is 3.3% higher than August
2025. Out of 24.3 MMT, 24 MMT was from refinery production & 0.3 MMT was from fractionator. There
was a de-growth of 1.3% in production of petroleum products in April-August FY-2026-27(P) as compared
to same period of FY 2025-26. Out of total POL production, in August 2026, share of major products
including HSD is 41.8%, MS 17%, Naphtha 6%, ATF 4.7%, Pet Coke 4.9%, LPG 4.8%, and rest is shared by
Bitumen, FO/LSHS, LDO, Lubes & others.

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