This dataset contains India Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

Crude Oil Production in India increased to 601 BBL/D/1K in November from 587 BBL/D/1K in October of 2024. This dataset provides the latest reported value for - India Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The average price of Indian basket crude oil was estimated to reach 97.67 U.S. dollars per barrel in the financial year 2023. While Indian basket crude oil prices have fluctuated during the reported period, this figure significantly increased from the previous year’s average of 78.19 U.S. dollars. The average price of crude oil went up marginally around the financial year 2012, touching almost 112 U.S. dollars per barrel.

Recent trends in the Indian oil industry

The last several years have seen a slight but steady increase in Indian crude oil refinery capacity. However, the annual domestic crude oil production volume has consistently decreased. Not surprisingly, the volume of crude oil imports had recently been on the rise for several years.

The future of the Indian energy sector

As the third-largest primary energy consumer globally, India relies on various sources to meet its energy demands. At the same time, a significant increase in primary energy consumption across various sources is projected for the coming decades, with renewables playing a vital role in the Indian energy transition.

The Indian energy sector encompasses conventional sources such as coal, natural gas, oil as well as unconventional sources including solar, hydro and bio-waste. The south Asian country ranks third worldwide for primary energy consumption after China and the United States. The gigantic energy consumption could very likely have been the cause of increased demand that was reflected in the volume of crude oil imports across the country, which was approximated to be around 212.4 million metric tons during financial year 2022. The sectorThe oil and gas sector in the country is one of the eight core industries present and is a major influence on the other sectors that contribute to the economy as well. Increased demand needs to be met with sufficient supply. The refinery capacity of crude oil has been increasing over the years. The tug of war with the crude oil prices in the country also seems to be edging in favor of higher prices. The annual growth rate in the average price of crude oil was 25 percent lower in financial year 2021 compared with the previous year. Low on fuelThe depleting fossil fuel reserves have not helped the population in terms of prices of oil products. The production volume of onshore crude oil has declined gradually over the years. However, the climate agreements of Copenhagen and Paris might result in increased investments and clean energy installations, providing a possible solution for India’s deficiency in fuel sources.

Key information about India Crude Oil: Production

• India Crude Oil: Production was reported at 544.400 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 563.189 Barrel/Day th for Dec 2022
• India Crude Oil: Production data is updated yearly, averaging 612.888 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 725.652 Barrel/Day th in 2011 and a record low of 17.194 Barrel/Day th in 1960
• India Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

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Forecast: Crude Oil and Condensate Production in India 2024 - 2028 Discover more data with ReportLinker!

India Petroleum Net Imports: Quantity: Crude Oil data was reported at 220,430.000 Ton th in 2018. This records an increase from the previous number of 213,930.000 Ton th for 2017. India Petroleum Net Imports: Quantity: Crude Oil data is updated yearly, averaging 28,298.000 Ton th from Mar 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 220,430.000 Ton th in 2018 and a record low of 7,164.000 Ton th in 1985. India Petroleum Net Imports: Quantity: Crude Oil data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.RBA002: Petroleum: Overview.

Crude Oil: Production: Private: Onshore: Rajasthan data was reported at 272.510 Ton th in Jan 2025. This records an increase from the previous number of 272.260 Ton th for Dec 2024. Crude Oil: Production: Private: Onshore: Rajasthan data is updated monthly, averaging 523.665 Ton th from Jun 2006 (Median) to Jan 2025, with 224 observations. The data reached an all-time high of 837.346 Ton th in Mar 2014 and a record low of 0.000 Ton th in Jul 2009. Crude Oil: Production: Private: Onshore: Rajasthan data remains active status in CEIC and is reported by Ministry of Petroleum and Natural Gas. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBI009: Crude Oil: Production.

Sourceshttp://164.100.47.190/loksabhaquestions/annex/6/AU1192.pdfhttp://164.100.47.190/loksabhaquestions/annex/10/AU856.pdf

India Imports from Nigeria of Crude Oil was US$2.8 Billion during 2023, according to the United Nations COMTRADE database on international trade. India Imports from Nigeria of Crude Oil - data, historical chart and statistics - was last updated on March of 2025.

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The volume of crude oil production in India in financial year 2023 amounted to about 29.2 million metric tons. Compared to the previous fiscal year, there was a slight decrease in crude oil production in the country.

India Petroleum Production: From Crude Oil: MD: Kerosene data was reported at 4,408.000 Ton th in 2018. This records a decrease from the previous number of 6,041.000 Ton th for 2017. India Petroleum Production: From Crude Oil: MD: Kerosene data is updated yearly, averaging 7,794.000 Ton th from Mar 1991 (Median) to 2018, with 25 observations. The data reached an all-time high of 10,187.000 Ton th in 2004 and a record low of 4,408.000 Ton th in 2018. India Petroleum Production: From Crude Oil: MD: Kerosene data remains active status in CEIC and is reported by Ministry of Petroleum and Natural Gas. The data is categorized under Global Database’s India – Table IN.RBG006: Petroleum: Production.

In 2023, overseas purchases of crude petroleum oil decreased by -3.3% to 235M tons for the first time since 2019, thus ending a three-year rising trend.

India Imports from Qatar of Crude Oil was US$1.31 Billion during 2023, according to the United Nations COMTRADE database on international trade. India Imports from Qatar of Crude Oil - data, historical chart and statistics - was last updated on March of 2025.

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The total onshore crude oil production across India amounted to roughly 15.12 million metric tons in fiscal year 2021, down from 16.2 million metric tons in 2020. In the fiscal year of 2023, the estimated onshore crude oil production is around 11.15 million metric tons.

The Indian crude oil market expanded notably to $169.9B in 2024, increasing by 8.7% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $178.4B. From 2023 to 2024, the growth of the market remained at a lower figure.

India's western offshore region has the highest share of estimated crude oil reserves across the country, accounting for about one-third of the total reserves as of April 2023. This was followed by Assam – located in the east of India – with about a 23 percent share.