India's crude oil production drops 4.15% to 34.2 million tonne in FY19

India's import dependency out of the total crude oil consumption increased from 77 per cent in 2014-15 to 84.7 per cent in the last quarter of 2018-19

Interim Budget 2019: FM has cheap crude oil to thank for his fiscal record

India’s crude oil production for the financial year 2018-19 dropped 4.15 per cent to 34.2 million tonne (MT), compared to 35.68 MT during the financial year 2017-18. On the other hand, natural gas production during the same period showed a marginal increase of 0.69 per cent. Cumulative natural gas production during April-March period of the last financial year was seen at 32873.37 million metric standard cubic meter (MMSCM), compared to 32649.31 MMSCM during the same period in 2017-18. Among the public sector undertakings, state-run Oil and Natural Gas Corporation (ONGC) ...