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  Business   Companies  25 Apr 2017  March crude oil output gets ONGC lift, grows modestly

March crude oil output gets ONGC lift, grows modestly

PTI
Published : Apr 25, 2017, 10:23 am IST
Updated : Apr 25, 2017, 10:23 am IST

Oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016.
 Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016.

New Delhi: India's crude oil production went up marginally by 0.9 per cent in March on the back of higher output by state-owned Oil and Natural Gas Corporation (ONGC).

Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016, an official statement said.

ONGC saw output rise to 1.93 mt in March, from 1.86 mt a year ago. However, at 36 mt, oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

Natural gas production rose 8.92 per cent to 2.75 billion cubic metres while refinery output slipped 0.33 per cent to 21.3 mt.

Tags: oil, ongc, crude oil, oil production, natural gas production
Location: India, Delhi, New Delhi