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Home » India’s Falling Crude Oil Production and Rising LNG Imports in FY25, ET EnergyWorld
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India’s Falling Crude Oil Production and Rising LNG Imports in FY25, ET EnergyWorld

omc_adminBy omc_adminJuly 10, 2025No Comments3 Mins Read
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New Delhi: India’s crude oil production, including condensate, declined to 28.7 million metric tonnes (MMT) in the financial year 2024-25, while the self-sufficiency in petroleum products remained nearly flat at 12.3 per cent, the Petroleum Planning & Analysis Cell (PPAC) said in its latest Ready Reckoner.

The share of onshore and offshore fields in the total crude oil output stood at 47 per cent and 53 per cent, respectively. The Western Offshore region contributed the highest share of crude oil at 43 per cent, followed by Gujarat onshore at 17 per cent, Assam onshore at 16 per cent, and Rajasthan onshore at 12 per cent.

According to the report, the production of petroleum products from indigenous crude and condensate was 29.3 MMT in FY25, while the total domestic consumption stood at 239.5 MMT. The crude oil self-sufficiency, calculated as the ratio of indigenous production to domestic consumption, was 12.3 per cent during the year, marginally up from 12.2 per cent in 2023-24.

LNG imports rise 12.3% to 35.72 BCM in FY25; natural gas production declines

India’s total liquefied natural gas (LNG) imports increased by 12.34 per cent to 35,720 MMSCM (million metric standard cubic metres) in FY 2024-25 from 31,795 MMSCM in FY 2023-24. In dollar terms, LNG imports rose by 11.21 per cent to USD 14,908 million from USD 13,405 million during the same period.

However, the gross production of domestic natural gas declined by 0.89 per cent year-on-year to 36,113 MMSCM in FY25 from 36,438 MMSCM in FY24. Net production after flare and internal use stood at 30,047 MMSCM.

The CGD (City Gas Distribution) sector accounted for 21 per cent of total gas consumption in FY25, followed by the fertiliser sector at 29 per cent, power at 12 per cent, refineries at 8 per cent, and petrochemicals at 5 per cent.

Overall, India’s total gas consumption, including LNG imports and internal use, stood at 71,314 MMSCM in FY25, an increase of 5.63 per cent over 67,512 MMSCM in FY24.

Retail fuel outlets reach 96,726; ethanol blending at 18.4% in current supply year

The number of retail outlets (ROs) for petroleum products in the country increased to 96,726 as of April 1, 2025. Of this, 27,748 outlets are in rural areas. The number of POL terminals and aviation fuel stations stood at 314 and 302, respectively.

India achieved an ethanol blending rate of 18.4 per cent in the ongoing Ethanol Supply Year (ESY), up from 14.6 per cent recorded in ESY 2023-24. “The programme is on track to achieve 20 per cent blending objective well before the timelines,” the PPAC report stated.

City gas sales rise 15.2% in FY25; CGD network expands

City Gas Distribution (CGD) sales increased by 15.2 per cent to 15,576 MMSCM in FY 2024-25 from 13,524 MMSCM in FY 2023-24. During the second half of FY25 (October 2024 to March 2025), total CGD sector sales rose to 42.67 MMSCMD, up 2.5 per cent from 41.63 MMSCMD recorded in the preceding six-month period.

In terms of distribution infrastructure, the country had 8,067 CNG stations and over 1.51 crore PNG (piped natural gas) connections as on March 31, 2025, according to data from the Petroleum and Natural Gas Regulatory Board (PNGRB) cited in the Ready Reckoner.

Published On Jul 10, 2025 at 08:39 AM IST

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