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New Delhi, April 29 The country’s crude oil production during the last financial year ended March 31 rose marginally by 0.4 per cent from the year earlier. The output for the year stood at 34.12 million tonnes (mt). The natural gas production during last fiscal was 32.27 billion cubic metres (bcm), up by 1.7 per cent from the previous year. During the year under review, the refinery production saw an increase of 6.5 per cent to 156.09 mt. In March, the crude oil output stood at 2.92 mt, down 0.3 per cent compared with the same month the previous year. The targeted crude oil production for March was 3.02 mt, according to data released by the Petroleum Ministry.

In March, gas production stood at 2.74 bcm, down 1.4 per cent for the same month the previous year. The refining in March stood at 13.53 mt. Overall capacity utilisation by oil refiners in 2007-08 was at 104.8 per cent (106.8 per cent). In March, overall capacity utilisation by oil refiners was at 107.2 per cent.

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