Crude oil imports flat in April-Oct, production falls

India’s oil producing companies – Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL), and various joint ventures – produced 15.9 million tonne of crude oil in April-October in the current financial year, down 3% on year, data from the Petroleum Planning and Analysis Cell showed.

This was even as crude oil imports rose 0.6% to 134.4 million tonnes in the first seven months of the fiscal year. In October alone, imported stood at 18.5 million tonnes, up 2.2% on year.