The country’s crude oil production fell over 4 per cent in the financial year 2018-19 after aging fields of state-owned Oil and Natural Gas CorporationNSE 0.06 % (ONGC) and Oil IndiaNSE 1.27 % Ltd (OIL) missed the target, official data showed Thursday.
India produced 34.2 million tonne of crude oil in the fiscal year ended March 31, down from 35.7 million tonne in the previous year, according to data released by the Ministry of Petroleum and Natural Gas here.
ONGC output dropped to 21 million tonne from 22.25 million tonne in 2017-18, while OIL saw a 2.5 per cent dip to 3.3 million tonne.
