New Delhi: India’s crude oil and condensate production fell 0.6 per cent to 2.4 million metric tonnes (MMT) in August 2025 while the country’s net oil and gas import bill declined to USD 9.4 billion from USD 11.4 billion a year earlier, according to data from the Petroleum Planning and Analysis Cell (PPAC).
Of the total domestic output, 75.3 per cent came from nomination fields, 13.7 per cent from pre-NELP fields and 10.8 per cent from NELP fields.
Crude oil processing rose 3 per cent year-on-year to 22.3 MMT in August. State-run and joint venture refiners processed 15 MMT, while private refiners handled 7.3 MMT. Out of the total, 2.2 MMT was indigenous crude and 20.1 MMT imported. For April–August of the current fiscal, crude processing grew 1.8 per cent compared to the same period last year.
Crude oil imports declined 2.9 per cent in August but were up 0.7 per cent in April–August. Imports of crude were valued at USD 9.9 billion, LNG imports at USD 1.2 billion, while exports of petroleum products were USD 3.5 billion in August.
Brent crude averaged USD 68.21 per barrel in August compared to USD 70.99 in July and USD 80.91 in August 2024. The Indian basket crude price averaged USD 69.11 a barrel in August against USD 70.95 in July and USD 78.27 a year earlier.
Petroleum product output rose 3.4 per cent to 23.5 MMT in August, with 23.2 MMT from refineries and 0.3 MMT from fractionators. For April–August, product output was 0.3 per cent higher than a year earlier. High-speed diesel accounted for 41.5 per cent of production, motor spirit 18.4 per cent, naphtha 6.2 per cent, ATF 5.8 per cent, pet coke 5 per cent and LPG 4.5 per cent.
POL product imports fell 2 per cent in August and 2.6 per cent in April–August, mainly due to lower imports of fuel oil and pet coke. Exports increased 11.2 per cent in August and 2 per cent in April–August on the back of higher shipments of naphtha, petrol and diesel.
Consumption of petroleum products in April–August was 99.7 MMT, unchanged from the year-ago period. Growth came from LPG (7.5 per cent), petrol (6.5 per cent), ATF (1.3 per cent) and diesel (2.3 per cent). In August alone, consumption rose 2.6 per cent to 18.7 MMT. Ethanol blending in petrol was 19.8 per cent in August and 19.1 per cent during November 2024–August 2025.
Natural gas consumption declined 3.8 per cent year-on-year to 5,822 MMSCM in August. For April–August, total consumption was 28,705 MMSCM, down 7.9 per cent from the year-ago period.
Gross gas production in August was 2,971 MMSCM, lower by 2.5 per cent from a year earlier. Cumulative production in April–August was 14,725 MMSCM, down 3 per cent year-on-year.
LNG imports fell 5.5 per cent to 2,887 MMSCM in August. Cumulative imports in April–August stood at 14,170 MMSCM, down 12.6 per cent from the same period last year, PPAC said.
