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1984-85 1994-95
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(million Tonnes)
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Crude Oil
Production 28.9 32.2
Net Imports 7.2 27.3
Petroleum Products
Refining Capacity 47.5 56.4 *
Production 33.2 52.9
Gross Imports 6.1 13.9
Consumption 40.8 68.1
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* April-December
Two-thirds of India's crude oil production is from the Bombay High region. Annual crude oil production, reached its peak level in 1989-90. The decline in crude oil production since 1990-91 has resulted in higher imports. However, with the arrest of the declining trend in production in 1993-94, imports of crude oil have also reduced.
India's refining capacity remained stagnant at 51.85 million tonnes between 1988-89 and 1992-93. During the next two years, a refining capacity of 4.55 million tonnes was added. Production of petroleum products increased at 3.5% per annum during the seventies. During the eighties, this growth doubled to 7.2%. Consumption of petroleum products increased at a rate of 6% per annum during the eighties. This growth declined to 3% during 1990-91 to 1993-94 as a result of a slowdown in industrial activity.
Centre for Monitoring Indian Economy, Bombay
Contact Addresses for More Information
Last updated: August 1995.