Domestic crude oil production during March 2019 stood at 2.85 million tonne. This is 6.16 per cent lower when compared to March 2018. Natural gas production during March 2019 stood at 2815.96 million standard cubic meters (mscm) which is 1.20 per cent higher than gas production during March 2018
But domestic refinery production (a measure of the total crude oil processed) during March 2019 was 22.495 million tonne which is 6.51 per cent higher when compared with March 2018. This means higher imports of crude oil and more pressure on the exchequer.
Cumulative crude oil production during April-March 2018-2019 was 34.20 million tonne which is 4.15 per cent lower than the cumulative production during the corresponding period of last year. Cumulative natural gas production during April-March 2018-2019 stood at 32873.37 mscm which is marginally higher by 0.69 per cent when compared with the production during corresponding period of last year.
