India’s crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday. India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according to data released by the Ministry of Petroleum and Natural Gas.
Oil and Natural Gas Corporation (ONGC) produced 1.65 million tonnes of crude oil in April, which was nearly 5 per cent more than the target set for it and 0.86 per cent high than the 1.63 million tonnes produced last year.
Oil India Ltd (OIL) produced 3.6 per cent more crude at 2,51,460 tonnes but fields operated by the private sector produced 7.5 per cent less crude oil at 5,67,570 tonnes.
