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Informist, Monday, Apr. 21, 2025

MUMBAI – India's natural gas import bill in 2024-25 (Apr-Mar) rose 13.4% to $15.2 billion due to lower domestic production and a rise in consumption, the Petroleum Planning and Analysis Cell said in a report. In March, the import bill rose over 8% to $1.3 billion, the data further showed.

Gas imports in Apr-Mar rose 15.4% on year to 36.70 billion standard cubic metres. The country imported over 3 billion standard cubic metres of natural gas in March, down 0.3% on year, the data showed.

Domestic natural gas production fell nearly 1% on year to 36.1 billion standard cubic metres in FY25. In March, domestic natural gas production fell around 5% on year to nearly 3 billion standard cubic metres, the data showed. Lower domestic output of gas resulted in higher import dependency. During FY25, the import dependency rose to 50.8% from 47.1% in the year-ago period, and in March it rose to 50.8% from 49.8% in the corresponding period last year.

Meanwhile, the country's consumption of natural gas during Apr-Mar rose 7.1% year-on-year to 72.3 billion standard cubic metres. The consumption of natural gas in March fell 2.2% on year to 6 billion standard cubic metres, the data showed.  End

US$1 = INR 85.09

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

Reported by Ashutosh Pati

Edited by Nishant Maher

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