Page 40 - Policy Economic Report - Feb 2026
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POLICY AND ECONOMIC REPORT
                   OIL & GAS MARKET

                                 Key developments in Oil & Gas sector

               Monthly Production Report for January, 2026

               1. Production of Crude Oil

               Indigenous crude oil and condensate production during January 2026 was 2.3 MMT. Around 76.3% of
               Production came from Nomination Fields, 13.1% from Pre-NELP Fields and 10.3% from NELP Fields, during
               January 2026. There is a de-growth of 5.3% in crude oil and condensate production during January 2026
               as compared with the corresponding period of the previous year.

               2. Production of Natural Gas

               Gross production of natural gas for the month of January 2026 (P) was 2912 MMSCM which was lower by
               5.0% compared with the corresponding month of the previous year. The cumulative gross production of
               natural gas of 29288 MMSCM for the current financial year till January 2026 was lower by 3.6% compared
               with the corresponding period of the previous year.

               3. Crude Oil Processed (Crude Throughput)

               Total Crude oil processed during January 2026 was 23.8 MMT which is 0.1% higher than January 2025,
               where PSU/JV refiners processed 16.3 MMT and private refiners processed 7.4 MMT of crude oil. Total
               indigenous crude oil processed was 2.1 MMT and total Imported crude oil processed was 21.6 by all Indian
               refineries (PSU+JV+PVT). There was a growth of 1.7% in total crude oil processed in April-January current
               Financial Year as compared to same period of previous Financial Year.

               4. Production of Petroleum Products

               Production of petroleum products was 25 MMT during January 2026, which is 0.4% higher than January
               2025. Out of 25 MMT, 24.7 MMT was from refinery production & 0.3 MMT was from fractionator. There
               was a growth of 0.4% in production of petroleum products in April-January FY 2025 – 26 as compared to
               same period of FY 2024 – 25. Out of total POL production, in January 2026, share of major products
               including HSD is 43.2%, MS 16.7%, Naphtha 6.4%, ATF 5.4%, Pet Coke 5.3%, LPG 4.6%, and rest is shared
               by Bitumen, FO/LSHS, LDO, Lubes & others.

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