India’s Crude Oil Production Declines 4.19%

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(ET)

India’s domestic crude oil production fell 4.19 per cent to 2,797.84 thousand metric tonne (TMT) in September as compared to the corresponding month a year ago, according to the recent oil ministry data.
The decrease in domestic crude oil production pushed India’s crude oil import dependence to 83.7 per cent in the month of September, as compared to 83.3 per cent recorded in the corresponding month a year ago. India’s cumulative crude oil production in the first six months (April-September) of the current financial year fell by 3.42 per cent to 17,409.44 TMT as compared to 18,025 TMT produced in the year-ago period.

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