Oil & Gas

The hydrocarbon sector is vital in keeping India’s economic growth en­gine running. Domestic crude oil consum­ption has increased from 174.5 million tonnes (mt) in FY 2013 to 247.8 mt in FY 2023, growing at a […]

The Government of India has a vision to inc­rease the share of natural gas in the prima­ry energy mix from 6 per cent to 15 per cent by 2030. The objective is to diversify primary […]

Significant rise in oil imports Crude oil imports have grown at a CAGR of 5.34 per cent from 2000-01 to 2022-23. Imports have surpassed pre-pandemic levels, constituting 87 per cent of the country’s total imports […]

Oil production declines even as consumption grows Oil consumption in the country has grown at a CAGR of 3.69 per cent from 2000 to 2022. However, oil production has witnessed a decline on account of […]

Continued policy support has strongly contributed to the growth of the oil and gas sector. Upstream initiatives have improved domestic production in the past few years. Meanwhile, the city gas distribution (CGD) network has expanded […]

India is currently the third largest energy consumer in the world. Of late, the volatility in oil and gas prices has impacted sector growth. However, the government’s focus on city gas distribution (CGD) infrastructure, changes […]