Page 44 - Policy Economic Report - Jan 2026
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POLICY AND ECONOMIC REPORT
                  OIL & GAS MARKET

                                Key developments in Oil & Gas sector

              Monthly Production Report for December, 2025

              1. Production of Crude Oil

              Indigenous crude oil and condensate production during December 2025 was 2.3 MMT. Around 76.3% of
              production came from Nomination Fields, 13.1% from Pre-NELP Fields and 10.4% from NELP fields, during
              December 2025. There is a de-growth of 5% in crude oil and condensate production during December
              2025 as compared with the corresponding period of the previous year.

              2. Production of Natural Gas

              Gross production of natural gas for the month of December 2025 (P) was 2937 MMSCM which was lower
              by 4.2% compared with the corresponding month of the previous year. The cumulative gross production
              of natural gas of 26376 MMSCM for the current financial year till December 2025 was lower by 5%
              compared with the corresponding period of the previous year.

              3. Crude Oil Processed (Crude Throughput)

              Total Crude oil processed during December 2025 was 23.8 MMT which is -0.4% lower than December
              2024, where PSU/JV refiners processed 16.1 MMT and private refiners processed 7.7 MMT of crude oil.
              Total indigenous crude oil processed was 2.2 MMT and total Imported crude oil processed was 21.5 by all
              Indian refineries (PSU+JV+PVT). There was a growth of 1.8% in total crude oil processed in April-December
              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 December 2025 which is -0.7% lower than
              December 2024. Out of 25 MMT, 24.7 MMT was from refinery production & 0.3 MMT was from
              fractionator. There was a growth of 0.3% in production of petroleum products in April-December FY 2025
              – 26 as compared to same period of FY 2024 – 25. Out of total POL production, in December 2025, share
              of major products including HSD is 41.1%, MS 17.7%, Naphtha 6.7%, ATF 6.4%, Pet Coke 5.3%, LPG 4.4%,
              and rest is shared by Bitumen, FO/LSHS, LDO, Lubes & others.

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