India's January Crude Oil Output and Imports

24 Feb 2024 CW Team

India witnessed a marginal increase of 0.7% in its crude oil output, reaching 2.5 million metric tons (MMT) in January. Concurrently, crude oil imports surged by 5.7% year-on-year (YoY) during the same period.

The data, released by the Petroleum Planning and Analysis Cell (PPAC), indicates a modest uptick in domestic crude oil production. Despite the incremental growth, India remains reliant on imports, as demonstrated by the notable 5.7% YoY increase in crude oil imports.

These figures underscore the ongoing challenge for India to achieve self-sufficiency in crude oil production. The modest rise in output suggests the need for continued efforts to enhance domestic production capacities. The simultaneous increase in imports highlights the country's dependence on foreign sources to meet its growing energy demands.

India's energy landscape continues to evolve, with a focus on diversifying its sources and reducing dependence on conventional fuels. The January statistics emphasise the importance of sustainable strategies and investments in the energy sector to ensure a secure and resilient energy future for the nation.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..