India’ crude oil, gas production falters

In what may impact India’ energy security efforts, the country’ domestic crude and oil and gas production fell by 5.22% and 8.06% respectively during April 2020 to March 2021, as compared to the corresponding period in the previous financial year.

This comes in the backdrop of states imposing lockdowns which have a bearing on the consumption of the transportation fuel such as petrol and diesel. However, with people staying indoors, domestic cooking gas consumption is expected to go up.

“Crude oil production during March, 2021 was 2612.96 TMT which is 5.63% lower than target and 3.13% lower when compared with March, 2020.