Economic Survey: India’s oil production falls by 6%, gas by 5% in FY 20
MUMBAI : India saw its oil production fall by 6% and natural gas production drop by 5% in 2020 on the back of Covid-19 pandemic, said the Economic Survey.
The third-largest energy consumer in the world after the USA and China, India’s indigenous crude oil production declined to 32.17 Million Metric Tonnes (MMT) in FY20 as against 34.20 million metric tonnes in FY19.
“The decline in production is mainly on account of the spread of Covid-19. Therefore, production is expected to return to normalcy given the economic recovery,” said the Economic Survey.
