New Delhi: India’s import of petroleum products (POL) rose 18.4 per cent in June 2025, even as the overall oil and gas import bill declined to $10 billion from $10.8 billion in the same month last year, according to the latest official data.
The rise in POL product imports during April-June FY26 stood at 2.9 per cent compared to the corresponding period of FY25, mainly on account of increased imports of liquefied petroleum gas (LPG), naphtha and petcoke.
Crude and LNG trade
Crude oil imports rose 5 per cent in June 2025, but dipped 0.3 per cent during the April-June quarter over the previous year, according to PPAC. Crude oil alone accounted for $9.7 billion of the $10 billion oil and gas import bill for June 2025, while liquefied natural gas (LNG) imports stood at $1.3 billion. India’s petroleum product exports for the month were valued at $2.9 billion.The average Indian basket crude price in June 2025 was $69.77 per barrel, up from $64.04 in May 2025, but lower than the $82.55 recorded in June 2024. The price of Brent crude averaged $71.46/bbl in June 2025 compared to $64.22/bbl in May and $82.61/bbl in June last year.
Crude processing and production
India processed 22.1 million metric tonnes (MMT) of crude oil in June 2025, marking a 0.3 per cent decline over June 2024. Public sector and joint venture refiners processed 14.8 MMT while private refiners processed 7.3 MMT. Out of this, 2.2 MMT was from indigenous sources while 19.9 MMT was imported crude.Indigenous crude oil and condensate production for June 2025 was 2.3 MMT, registering a year-on-year decline of 0.5 per cent . ONGC produced 1.5 MMT, Oil India Ltd produced 0.3 MMT and production under PSC/RSC was 0.6 MMT.
Petroleum products and exports
Production of petroleum products was 23.5 MMT in June 2025, up 3.3 per cent over June 2024. Of this, 23.2 MMT was from refinery output and 0.3 MMT from fractionators. The major share came from high speed diesel (HSD) at 42.6 per cent , followed by motor spirit (MS) at 16.9 per cent , naphtha at 6.7 per cent , aviation turbine fuel (ATF) at 5.8 per cent , petcoke at 5.2 per cent , and LPG at 4.4 per cent .Exports of POL products, however, fell by 2.8 per cent in June 2025 and by 3.2 per cent in the April-June quarter over the previous year. The decline was attributed primarily to lower exports of HSD and ATF.
Petroleum and gas consumption
India’s petroleum products consumption in April-June FY26 was 61.8 MMT, up 1.1 per cent from 61.2 MMT in the same period last year. Growth was led by LPG (8.9 per cent ), MS (7.1 per cent ), ATF (3.9 per cent ) and HSD (2.6 per cent ), along with increases in usage of SKO, petcoke and LDO.
In June 2025 alone, petroleum product consumption reached 20.3 MMT, up 1.9 per cent over June 2024.
Total natural gas consumption for June 2025 was 5,860 MMSCM, a 10 per cent rise from the same month last year. Cumulative consumption till June 2025 stood at 17,448 MMSCM, up 0.8 per cent over the same period last fiscal.
Gross natural gas production, however, declined 3.1 per cent year-on-year in June to 2,900 MMSCM. Cumulative production till June FY26 stood at 8,788 MMSCM, down 3 per cent .
LNG imports for June 2025 were 3,000 MMSCM, up 26.1 per cent from the same month in 2024. Cumulative LNG imports till June 2025 reached 8,778 MMSCM, marking a 4.6 per cent increase.
Ethanol blending milestone
Ethanol blending in petrol reached 19.9 per cent in June 2025. The cumulative blending rate from November 2024 to June 2025 stood at 18.9 per cent .
