NEW DELHI: India produced 34,203 thousand metric tonnes (TMT) of crude oil during 2018-19 (April to March) which is 4.15 per cent below the output in the previous financial year and 7.59 per cent lower than the target, the government said on Thursday.
The production in 2017-18 was 35,684 TMT while the target for 2018-19 was pegged at 37,011 TMT, a statement issued by the Ministry of Petroleum and Natural Gas said.
The downward trend in production comes at a time when the United States has said it will no longer grant sanctions waiver to countries like India which import crude oil from Iran from next month.
