| 1984-85 | 1994-95 (million tons) | |
| Crude Oil |
||
| Production | 28.9 | 32.2 |
| Net Imports | 7.2 | 27.3 |
| Petroleum Products |
6.4 | 8.2 |
| Refining Capacity | 47.5 | 56.4 * |
| Production | 33.2 | 52.9 |
| Gross Imports | 6.1 | 13.9 |
| Consumption | 40.8 | 68.1 |
Two-thirds of India's crude oil production is from the Bombay High region.
Annual crude oil production, reached its peak level in 1989-90. The decline
in crude oil production since 1990-91 has resulted in higher imports. However,
with the arrest of the declining trend in production in 1993-94, imports
of crude oil have also reduced.
India's refining capacity remained at 51.85 million tones between 1988-89 and 1992-93. During the next two years, a refining capacity of 4.55 million tons was added. Production of petroleum products increased at 3.5% per annum during the seventies. During the eighties, this growth doubled to 7.2%. Consumption of petroleum products increased at a rate of 6% per annum during the eighties. This growth declined to 3% during 1990-91 to 1993-94 as a result of a slowdown in industrial activity.
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