Page 2 - Policy Economic Report - March 2026
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 6
Lessons from Economics..........................................................................................25
Oil Market .....................................................................................................................27
Crude oil price – Monthly Review .........................................................................................27
Indian Basket Crude oil price ................................................................................................29
Oil production situation .......................................................................................................30
Oil demand situation............................................................................................................31
Global petroleum product prices ..........................................................................................31
Petroleum products consumption in India ............................................................................33
Natural Gas Market....................................................................................................35
Natural Gas Price – Monthly Review.....................................................................................35
Monthly Report on Natural gas production, imports, and consumption – February 2026 .......39
Key developments in Oil & Gas sector.................................................................41
Key Policy developments/Significant news in Energy sector.....................42
March 2026 Page | 1
