More Stories

Informist, Tuesday, Mar. 18, 2025

MUMBAI – India's natural gas import bill for February rose 8.3% on year to $1.3 billion due to lower production, the Petroleum Planning and Analysis Cell said in a report. For Apr-Feb, the import bill was up 16.4% on year at $14.2 billion, the data showed. 

Gas imports in February rose 7.3% on year to 3,077 million standard cubic metres. The country imported 34,329 million standard cubic metres of natural gas during Apr-Feb, 19.4% higher on year, the data showed.

Domestic natural gas production fell 6.7% on year to 2,749 mscm in February, below the target of 3,132 mscm, according to the data. For Apr-Feb, domestic natural gas production fell 0.5% on year to 33,125 mscm, against the target of 36,152, the data showed.

Lower domestic output of gas resulted in higher import dependency. During Apr-Feb, the import dependency rose to 53.2% from 49.8% in the year-ago period, and in February it rose to 51.3% from 46.8% in the corresponding period last year. 

Meanwhile, the country's consumption of natural gas in February rose 0.6% on year to 5,789 mscm. The cumulative consumption for Apr-Feb rose 9.1% on year to 66,975 mscm, the data showed.  End

US$1 = INR 86.58

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by J. Navya Sruthi

Edited by Nishant Maher

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000  

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.