India’s crude oil production rose by 4.6% year on year to 2.6 million tonnes (mt) in May 2022. Compared with the target for the month, the output was higher by 2.4%. Progressively, the output during the first two months of FY23 raised around 2% y-o-y to 5.1 mt, while it was higher by 2.9% compared with the target for April and May 2022, the Ministry of Petroleum and Natural Gas (MoPNG) said in a statement.
Indian refineries’ crude processing during May this year stood at 22.6 mt, which is 4.96% higher than target for the month. Total crude oil processed during April and May was 44.22 mt, which is 3.81% and 13.81% higher than target for the period. PSU refineries processed 14.14 mt of crude oil during May, which is 5.61% higher than the target for the month and 32.56% higher than the production of May 2021.
The country’s natural gas production during May 2022 was 2,913.65 million standard cubic metres (MSCM), which is 5.06% lesser than the monthly target and 6.35% higher than production of May 2021. Progressively, the output during April-May 2022 was 5,740.38 MSCM, which is 5.46% lower when compared with target for the period but 6.48% higher than production during corresponding period of last year.
The production of petroleum products during May 2021 was 23.25 mt, which is 4.36% higher mark for the month and 16.65% higher than the production of May 2021. Total production during April and May, 2022 was 46.10 mt, which is 4.90% and 12.83% higher than target for the period and production during corresponding period of last year respectively.
