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India’s Oil production in FY22
April 24 , 2022
1013 days
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- The crude oil production of India fell 2.67 percent in the fiscal year that ended on 31st March 2022.
- The production of ONGC was less than the target.
- But KG production by Reliance-BP’s natural gas output rose.
- In 2021-22 (April 2020 to March 2022) the crude oil production was 29.69 million tonnes.
- Which is 2.63 percent lower than the 30.5 million tonnes output in 2020-21.
- The primary reason for the decline in the country’s crude oil production is the aging fields where natural production is declining.
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