India Oil and Gas Market Size, Growth, Trends, Analysis Report, Growth Potential, Price Trend, Competitive Market Share and Forecast 2020 – 2025

Report Format : PDF
Published Date : Nov-2019
Pages : 180
Report ID : VSR002202

The Indian Oil and Gas Market Size is exceeded 4,972 thousand barrels per day kbpd, in 2018 and is anticipated to witness over 3.41% CAGR through 2027. Increasing investments towards the establishment of increasing natural gas pipeline capacity, increasing refining capacity, and increasing demand for petroleum products, are expected to increase the growth for the Indian oil and gas market during the forecast period. The oil and gas the majority share in the Asia Pacific market in 2019. The Indian refinery capacity of the country increased, by 3.65 %, Year-on-Year, to 4,972 thousand barrels per day kbpd, in 2018, from 4307 kbpd, in 2015. The refining throughput increased from 2.9% to 5154 kbpd, in 2018, from 5010 kbpd, in 2017.

India Oil and Gas Market

World’s Fastest-Growing Energy Market

India is the 3rd largest energy and oil consumer in the world after China and the US.

India consumed 213.2 MMT petroleum products and 60,747 MMSCM natural gas. The import dependency of crude oil and LNG during 2018 was 82.59% and 45.89% respectively.

Present share of natural gas in the energy mix of the country is 6%. The aim is to increase it to 15% by 2027.

India is the 2nd largest consumer of Biogas with 5000 CBG plants to be opened by 2022 under the SATAT scheme.

India imports 82% of its oil needs and aims to bring that down to 67% by 2022 by replacing it with local exploration, renewable energy and indigenous ethanol fuel. India was the third top net crude oil (including crude oil products) importer of 205.3 Mt in 2018.

Summarization of Report

The research report provides a perspective of the attractiveness of the regions and segments which are formulated based on their growth rate (CAGR) and market size. Leading analysts and industry professionals present in various regions have validated the data & information provided in the report. The report provides the detailed analysis of forecasted data, revenues, and major developments. It also offers crucial strategies adopted by major organizations catering to the Indian Oil and Gas market. This provides important and in-depth insights to depict the overall market scenario.

Along with the market position, future trends, market share, market dynamics, opportunities, threats, risks and entry barriers, a detailed overview of the Indian Oil and Gas market is included. In the form of graphs, tables, pie chart, and product figures, all the brief points and analytical market data are statistically pictured to provide users with overall information.

A competitive landscape for the Indian Oil and Gas market is given in the study. To differentiate business attributes, key players operating in the industry have been identified and profiled. Company overview, latest trends, financial standings, and SWOT are some of the characteristics of key players in the industry that have been profiled in this study. Main players covered by the study on the global market are: The major players are Oil and Natural Gas Corporation, Oil India Limited, Reliance Industries, Indian Oil Corporation Limited, and Punj Lloyd Limited.

Also, the report sheds light on upstream raw materials, downstream client survey, marketing channels, industry development trends and recommendations that specifically provide useful information on major manufacturing equipment suppliers, raw materials suppliers, major distributors, and major consumers with their contact information, for Indian Oil and Gas market chain analysis.

Growth Mapping

The key purpose of the report is to provide a growth map of the Indian Oil and Gas market and hence assist the client's in the formulation of required strategies to meet the business goals. Thus, there are many qualitative and quantitative tools used for growth mapping of the market. These include PESTEL analysis for various regions involved in the market, SWOT analysis of the industry, PORTER'S five forces for determination of different attributes such as the power of the buyer and supplier engaged in the market, threat of substitution, intensity of competition and threat of the new entrants in the market.

Latest India’s Market Update  

1. In a statement, the public sector energy major said that Union Petroleum & Natural Gas Minister, dedicated the Bengal Basin, the eight producing basin of India to the nation.

2. State-owned Oil and Natural Gas Corporation (ONGC) on Sunday opened India's eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin.

3. If Brent crude oil stays in the current range of USD 50 to 51 a barrel, the price comes to USD 4.2 to 4.4 per million British thermal unit, two sources at the buyers of R-Series gas said.

4. RIL and BP are developing three deep-water gas projects in block KG D6 - R-cluster, Satellites cluster and MJ – which together are expected to meet around 15% of India’s gas demand by 2023.

5. The output declined to 12.8 million metric tonnes of oil equivalent mmtoe during April-October this year from 14.4 mmtoe in the same period last year. India’s domestic production of oil and gas has also fallen 9% in the same period.


The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.

Indian oil and gas marketDuring interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global Indian Oil and Gas market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.

We have covered two proprietary models in the Indian Oil and Gas report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.

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