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India’s crude oil output slips 0.6% in Aug; import bill falls to $9.4 bn
India’s crude oil and condensate production fell 0.6 per cent to 2.4 million metric tonnes (MMT) in August 2025 while the country’s net oil and gas import bill declined to USD 9.4 billion from USD 11.4 billion a year earlier, according to data from the Petroleum Planning and Analysis Cell (PPAC).
Of the total domestic output, 75.3 per cent came from nomination fields, 13.7 per cent from pre-NELP fields and 10.8 per cent from NELP fields
Crude oil processing rose 3 per cent year-on-year to 22.3 MMT in August. State-run and joint venture refiners processed 15 MMT, while private refiners handled 7.3 MMT. Out of the total, 2.2 MMT was indigenous crude and 20.1 MMT imported. For April–August of the current fiscal, crude processing grew 1.8 per cent compared to the same period last year.
Crude oil imports declined 2.9 per cent in August but were up 0.7 per cent in April–August. Imports of crude were valued at USD 9.9 billion, LNG imports at USD 1.2 billion, while exports of petroleum products were USD 3.5 billion in August.
Brent crude averaged USD 68.21 per barrel in August compared to USD 70.99 in July and USD 80.91 in August 2024. The Indian basket crude price averaged USD 69.11 a barrel in August against USD 70.95 in July and USD 78.27 a year earlier.
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