Domestic crude oil production falls 4%, natural gas declines 3% in April: Oil ministry data

• Posted in OilGas
• on May 23, 2023
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Domestic crude oilproduction fell 4% and natural gas output declined 3% in April from a year earlier, the oil ministry data showed on Monday

India imported $1.4 billion worth of natural gas in April compared to $1.3 billion in the year-ago period. Crude oil imports dropped to $10.8 billion in April from $16.8 billion in the same month last year on lower volumes as well as prices. In volume terms, India’s crude imports fell 8% in April. Production of petroleum products also fell by 1% while its consumption declined by 0.2%.

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