State-run oil companies made a combined capital spending of ₹1,28,000 crore in 2023-24, a fifth more than the capex target they had set at the beginning of the year and 12% more than the amount they spent the previous year.
ONGC, IndianOil, BPCL, HPCL, GAIL and Oil India all exceeded their initial annual capex target for 2023-24, according to the oil ministry data.
