Economy

Covid-19 hits domestic oil and gas output in April 2020

Our Bureau New Delhi | Updated on May 23, 2020 Published on May 23, 2020

Domestic Crude oil production down 6.35 per cent, Gas down by 18.62 per cent

There has been a steep decline in domestic oil and gas production, and petroleum products output during April 2020 as Covid-19 lockdowns hit demand.

Refinery output (a measure of the total crude oil processed in the country) during April 2020 stood at 14.75 million tonne. This is 28.78 per cent lower than the refinery output during April 2019, an official statement said.

The shortfall in petroleum product demand due to Covid-19 lockdowns has brought down refinery output, an official statement said.

Domestic crude oil production during April 2020 stood at 2.5 million tonne while natural gas production was at 2161.33 million standard cubic meters.

Compared with April 2019, gas production stood 18.62 per cent lower while crude oil production was 6.35 per cent lower.

The statement said that there was a shortfall in oil production due to closure of wells in Western Offshore due to less offtake by GAIL due to Covid-19 lockdown. There was also a restriction of movements for field operations in Onshore fields due to the lockdowns.

The statement also said that the shortfall in gas production is primarily due to less gas offtake by consumers due to the lockdowns.

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Published on May 23, 2020
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