Petroleum production in October 2024 reached 23 MMT, up 5.3% from October 2023. Refinery production contributed 22.7 MMT, with fractionators adding 0.3 MMT. The largest share of petroleum products produced was high-speed diesel (HSD) at 41%, followed by motor spirit (MS) at 16.8%, naphtha at 6.8%, aviation turbine fuel (ATF) at 6.6%, and petcoke at 5.3%. Crude oil imports increased by 4.2% in October 2024 and by 3.5% during the April-October FY 2024-25 period, compared to the previous year. Imports of petroleum products (POL) decreased by 2.2% in October 2024 but saw a 7.7% increase in the April-October FY 2024-25 period. This rise was largely driven by higher imports of petcoke, liquefied petroleum gas (LPG), and lubricants.

Exports of petroleum products saw a notable 12.7% rise in October 2024 and a 4.2% increase during the April-October FY 2024-25 period compared to the previous year. This growth was mainly attributed to higher overseas sales of petcoke/CBFS, fuel oil (FO), motor spirit (MS), and aviation turbine fuel (ATF).

In the April-October FY 2024-25 period, crude oil processing grew by 1.8% year-on-year, while petroleum product production showed consistent growth. The data from PPAC indicates that higher refinery throughput and export growth have partially offset the decline in domestic crude oil production, highlighting India’s increasing dependence on imported crude to meet its energy needs. (ET)