How much of its crude oil does India import?

India's crude oil import dependency was 88.7% in FY26 (2025-26), measured on a consumption basis, against 88.3% in FY25, per PPAC of the Ministry of Petroleum and Natural Gas.

How much crude oil does India produce itself?

India produced 28.0 million tonnes of crude oil, including condensate, in FY26 (2025-26), against 28.7 million tonnes in FY25, per PPAC.

How much crude oil did India import in FY26?

India imported 246.6 million tonnes of crude oil worth US$125.8 billion in FY26 (2025-26), against 243.2 million tonnes worth US$137.2 billion in FY25, per PPAC.

Sector

Oil, Gas & Consumable Fuels sector explained

Companies that produce crude oil, natural gas and coal, refine crude into fuels, and transport and sell fuel and gas.

For learning only. Cityfort is not a SEBI-registered adviser and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

Companies we cover

1 company in Oil, Gas & Consumable Fuels

Reliance Industries
RELIANCE
Reliance Industries refines crude oil into fuels and chemicals, runs the Jio phone network and 20,169 shops, and had ₹1,075,675 crore of revenue in FY26.
Data depth: RichCovers Q1 FY27

How companies in this sector earn

How do Oil, Gas & Consumable Fuels companies make money?

Oil, gas and coal producers earn the selling price minus what it costs them to extract the fuel.
Refiners earn the gap between the price of the fuels they sell and the crude oil they buy.
Fuel retailers and city gas companies earn a margin on each litre of fuel or unit of gas sold.
Pipeline companies charge a fee for carrying gas, much like a toll road.
Crude oil is the biggest cost for refiners, and India imports most of the crude it uses.

Who regulates it

Ministry of Petroleum and Natural Gas · Petroleum and Natural Gas Regulatory Board (PNGRB) · Directorate General of Hydrocarbons (DGH) · Ministry of Coal

What moves results across the sector

International crude oil and LNG prices, and the rupee's exchange rate against the US dollar.
Government decisions on retail prices of petrol, diesel and cooking gas, and on fuel taxes.
Monthly fuel demand and domestic oil and gas output, published by PPAC.

Words you'll meet

Key terms

Upstream, midstream, downstream: Finding and producing oil and gas, then transporting it, then refining and selling it.
Gross refining margin (GRM): What a refiner earns on each barrel of crude after selling the fuels made from it.
Marketing margin: What a fuel retailer earns on each litre of petrol, diesel or cooking gas it sells.
Under-recovery: The loss when a fuel is sold below its cost because retail prices were not raised.
Brent crude: A widely used international benchmark price for crude oil.

Key facts

Oil, Gas & Consumable Fuels in numbers

How much of its crude oil does India import?: India's crude oil import dependency was 88.7% in FY26 (2025-26), measured on a consumption basis, against 88.3% in FY25, per PPAC of the Ministry of Petroleum and Natural Gas. (Source: Petroleum Planning & Analysis Cell (PPAC), Ministry of Petroleum and Natural Gas, Government of India)
How much crude oil does India produce itself?: India produced 28.0 million tonnes of crude oil, including condensate, in FY26 (2025-26), against 28.7 million tonnes in FY25, per PPAC. (Source: Petroleum Planning & Analysis Cell (PPAC), Ministry of Petroleum and Natural Gas, Government of India)
How much crude oil did India import in FY26?: India imported 246.6 million tonnes of crude oil worth US$125.8 billion in FY26 (2025-26), against 243.2 million tonnes worth US$137.2 billion in FY25, per PPAC. (Source: Petroleum Planning & Analysis Cell (PPAC), Ministry of Petroleum and Natural Gas, Government of India)

Sources

Snapshot of India's Oil & Gas data, October 2026 (Monthly Ready Reckoner, data for September 2026), Petroleum Planning & Analysis Cell (PPAC), Ministry of Petroleum and Natural Gas, Government of India, 16 Oct 2026

Last updated 25 Oct 2026.

Disclaimer

For learning only. Cityfort is not a SEBI-registered adviser and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

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Statements by company management are reported as statements, with their date and source; they are not our forecasts.