India's Oil Sector Shows Mixed Trends: July 2024 Production Falls, Refinery Output Rises

21 Aug 2024 CW Team

India's oil sector displayed mixed performance trends in July 2024, marked by a decrease in crude oil production coupled with an uptick in refinery output. This dichotomy reflects ongoing shifts within the industry as it adapts to evolving market dynamics.

Crude oil production in India fell during the month, continuing a trend of reduced output that has been attributed to a combination of ageing fields and operational challenges. The decline is part of a broader pattern of decreasing domestic production, which has prompted increased reliance on imports to meet the country's energy needs.

In contrast, refinery output saw a notable increase, driven by higher demand for refined petroleum products. Refineries have been operating at higher capacities to process imported crude and meet the needs of both domestic and international markets. This boost in refinery activity indicates robust consumption patterns and a growing need for refined products, including fuels and petrochemicals.

The mixed trends underscore the complexities facing India's oil sector as it navigates production challenges while striving to enhance refining capabilities. The sector's performance is influenced by various factors, including global oil prices, domestic demand fluctuations, and technological advancements in refining processes.

The increase in refinery output is expected to help offset some of the impacts of declining production, ensuring a steady supply of refined products. However, the ongoing challenges in crude oil production highlight the need for continued investment in exploration and production technologies to support long-term energy security.

Overall, July 2024's performance reflects the oil sector's adaptation to current market conditions, balancing decreased production with increased refining efforts to maintain stability in the supply chain.

Infrastructure Transport

17 Sep 2025

DMRC revives plan for Dwarka–Gurgaon Metro corridor

Nearly a decade after it was shelved, the Delhi Metro Rail Corporation (DMRC) is reconsidering a long-discussed plan to extend the Metro from Dwarka to Gurgaon.The proposed 12-km corridor would run from Yashobhoomi station in Dwarka Sector-25, on the Airport Express Line, to IFFCO Chowk along the Delhi–Jaipur Expressway. Planned stations include Bharthal, Bijwasan, Carterpuri, and Tau Devi Lal Park in Sector 23. An interchange is expected with the Gurugram Metro corridor at Sector 23.If implemented, the extension would provide direct metro access from Dwarka to key commercial hubs including ..

Ola, Uber, Rapido get nod for Mumbai bike taxi services

The Maharashtra State Transport Authority (STA) has granted provisional licences to Ola, Uber, and Rapido to operate bike taxi services in the Mumbai Metropolitan Region. The move follows the implementation of the Maharashtra Bike Taxi Rules 2025.As per STA’s approval, the minimum fare has been fixed at Rs 15 for the first 1.5 km, with an additional Rs 10.27 per km thereafter. The licences are valid for one month, during which operators must apply for permanent permits by fulfilling all regulatory conditions.Smart-Ride’s application was rejected for failing to meet the prescribed norms. Of..

Adani wins Kedarnath ropeway project to cut trek to 36 minutes

Adani Enterprises Ltd (AEL) has secured the contract to build a 12.9-km ropeway connecting Sonprayag with Kedarnath, a project expected to transform the pilgrimage experience. Awarded by National Highways Logistics Management Ltd (NHLML), the project will be executed under the National Ropeways Development Programme – Parvatmala Pariyojana.Currently, pilgrims undertake a gruelling nine-hour trek to Kedarnath. The ropeway will reduce this journey to just 36 minutes and can transport 1,800 passengers per hour in each direction, serving the nearly 20 lakh devotees who visit annually.The Rs 25,0..