HEADLINES:  

India is expected to be one of the largest contributors to petroleum consumption growth globally. Total oil imports declined by 10 per cent year-on-year in February 2017. Fuel consumption in India increased by 10.7 per cent to a 16-year high of 196.48 million tonnes (MT) in 2016.

India is the fourth-largest Liquefied Natural Gas (LNG) importer after Japan, South Korea and China, and accounts for 5.8 per cent of the total global trade.Domestic LNG demand is expected to grow at a CAGR of 16.89 per cent to 306.54 MMSCMD by 2021 from 64 MMSCMD in 2015.


The country's gas production is expected to touch 90 Billion Cubic Metres (BCM) in 2040 from 23.09 BCM in FY2016-17.

The State-owned Oil and Natural Gas Corporation (ONGC) dominates the upstream segment of exploration and production, producing around 25.93 MT of crude oil, which is approximately 60.5 per cent of the country�s 36.95 MT oil output, as of March 2016.

  INDIAN OIL INDUSTRY AT A Glance IN 2015 - 2016

  INDIAN OIL INDUSTRY AT A Glance IN 2014 - 2015

  INDIAN OIL INDUSTRY AT A Glance IN 2013 - 2014

  INDIAN OIL INDUSTRY AT A Glance IN 2012 - 2013

  INDIAN OIL INDUSTRY AT A Glance IN 2011 - 2012

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