India's Crude Oil Output Falls for 11th Straight Year, Import Dependence Hits 89%
India's crude oil output has declined for the eleventh consecutive year in 2025-26, falling 2.5% to 28 million metric tonnes, while natural gas production slipped 3.7% to 34,776 mmscm. Import dependence has reached 89% for crude oil and 51% for natural gas, with the US-Iran war exacerbating supply challenges. The decline is attributed to depletion of older fields and absence of significant new discoveries, with limited participation from global oil companies in exploration rounds.