Perhaps influenced by recent dramatic events, such as the collapse of the oil price to below zero dollars, India scaled back its fossil fuel production. Last month, oil production reached 2.7 million tonnes, while gas production hit 2.4 billion standard cubic metres, figures that are 5.5% and 8.64% lower respectively than last year’s numbers.
Furthermore, the oil production figure is 13.79% lower than the country’s target for the period, and the country’s refinery output, reflecting crude oil processing, rather than extraction, was 5.74% lower than in March 2019.
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Read more about the impacts of the Covid-19 pandemic on Indian oil and gas here.
