Moneycontrol
Dec 22, 2015 04:51 PM IST | Source: PTI

Crude oil production in India dips 3.3%

Crude oil production at 3.04 million tonnes (MT) in November was 3.3 percent lower than 3.15 MT output in the same month a year ago, according to a data released by Ministry of Petroleum and Natural Gas today.

Crude oil production in India dips 3.3%

India's crude oil production dropped 3.3 percent in November after output fell at fields operated by both public and private sectors.

Crude oil production at 3.04 million tonnes (MT) in November was 3.3 percent lower than 3.15 MT output in the same month a year ago, according to a data released by Ministry of Petroleum and Natural Gas today.

State-owned Oil and Natural Gas Corp (ONGC) reported a 1.3 percent drop in output at 1.84 MT as production at its onshore fields fell.


Oil India Ltd (OIL) production was also down 7.18 per cent at 264,878 tonnes while fields operated by private firms reported a near six percent decline at 936,647 tonnes.

Cairn, the ministry said, saw natural decline in its eastern offshore Ravva field as well as Mangala field in Rajasthan. Reliance Industries' eastern offshore KG-D6 block also saw under performance of wells, it said.


Natural gas output was also down nearly 4 percent at 2.71 billion cubic meters, mostly because of drop in production at eastern offshore fields. The nation's 22 refineries processed 2.53 percent more crude oil at 19.7 MT. The charge was led by Reliance Industries' twin refineries at Jamnagar in Gujarat that converted 5.9 percent more crude oil into fuel.


Indian Oil Corp's (IOC) eight refineries processed 5.75 per cent more crude oil at 4.8 MT while Bharat Petroleum Corp's (BPCL) two refineries saw a 1.72 per cent growth in thruput at 2.02 MT. Hindustan Petroleum Corp Ltd (HPCL) too reported a 5.36 percent higher crude thruput at 1.48 MT. Overall, the refineries operated at 111.73 percent of their installed capacity of 196.95 MT.


RIL's twin refineries operated at 122.91 percent of their installed capacity while Essar Oil's Vadinar refinery in Gujarat operated at 103 percent of its installed capacity. Refineries produced 19.47 MT of fuel in November, 5.04 percent higher than 18.5 MT in the same period a year ago.

India's fuel consumption rose 6.4 percent in November on the back of continued surge in petrol demand even as diesel sales showed signs of tapering.


Fuel consumption in November at 14.8 MT was 6.4 per cent higher than 13.9 MT consumed in the same month a year ago, according to the data. Diesel, the most consumed fuel in the country, however, saw a tapering in demand growth to 1.5 per cent - rising from just over 6 MT in November 2014 to 6.1 MT this year. Petrol sales surged 17 per cent to 1.77 MT while naphtha consumption was up 39 percent at 1.05 MT.

LPG consumption was up 2.8 percent at 1.61 MT but kerosene sales was down 13 percent at 518,000 tonnes, the data showed. 

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