The Ministry of Petroleum and Natural Gas in its latest data has showed that India's crude oil production fell by 5 per cent and natural gas output slumped by 8 per cent in the fiscal year to March 2021 as private and public sector firms produced less. Crude oil production fell to 30.5 million tonnes in 2020-21 from 32.17 million tonnes a year back.
Natural gas production at 28.67 billion cubic meters was over 8 per cent less than 31.18 bcm output in 2019-20. However, output in March was 11 per cent higher as Reliance Industries-BP started output from their KG basin fields.
Gas production in March 2021 was higher due to new field D-34 (KG-D6 block of Reliance-BP), which started production in December 2020 with 1.3 million standard cubic meters per day, ramped up to 9.6 mmscmd in March 2021. With the pandemic pummeling economic activity, resulting in fall in fuel demand, India's public and private sector refiners processed nearly 13 per cent less crude oil at 221.7 million tonnes in 2020-21.
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