Key Statistics: Production and consumption trends of crude oil and natural gas

Production and consumption trends of crude oil and natural gas

Production for crude oil and natural gas started to decline after 2011-12 due to a significant fall in production from the Krishna Godavari basin

Consumption of crude oil in India has shown a constant increase over the past two decades, while natural gas consumption declined post 2011 due to significantly high prices, before recovering in 2015 when prices began to stabilise.