EconomyGS3-Economy
Overview of India's Petroleum Industry
India's petroleum industry encompasses exploration, production, refining, and distribution.
January 28, 2025
Key Points
- 1India's petroleum industry includes upstream, midstream, and downstream activities.
- 2The country's refining capacity increased from 215.066 MMTPA in April 2014 to 256.816 MMTPA in April 2024.
- 3The first oil well was drilled in Digboi, Assam, in 1867.
- 4India has 651.8 million metric tons of recoverable crude oil reserves.
- 5India ranks among the top five refining nations globally.
Important Terms
Petroleum IndustryRefiningProductionReservesGovernment Initiatives
UPSC Current Affairs
Last Updated: 6/1/2025