New Delhi : The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Lok Sabha today informed that the conventional hydrocarbon resources that have been discovered so far in the country is estimated to be approximately 12.0 Billion Tonnes of oil & oil equivalent of gas. Out of this, recoverable resources are estimated to be 4.2 Billion Tonnes of which about 2.6 billion Tonnes of oil and oil equivalent of gas has already been produced.
The consumption of petroleum products and natural gas in the country, during 2021-22, was 204.23 MMT and 63.91 Billion Cubic Meter (BCM) respectively.
During 2021-22, 22.8 % of total requirements of crude oil and gas of the country were met through domestic production.
Details of crude oil imported along-with its cost for last 3 years and first quarter
(Q1) (April – June) of 2022-23 (P) is given below:
| Financial Year | 2019 – 20 | 2020 – 21 | 2021 – 22 | Q1 of 2022-23 (P) |
| Crude Oil Import (in MMT) | 227.0 | 196.5 | 212.0 | 60.3 |
| Import Cost (in US $ billion) | 101.4 | 62.2 | 120.4 | 48.0 |
| Import Cost (in Rs. crore) | 717001 | 459779 | 899312 | 369742 |
Source: Petroleum Planning & Analysis Cell (PPAC), (P): Provisional
Details of Natural Gas imported along-with cost for last 3 years and Q1 of 2022-23 (P) is given below:
| FY | 2019 – 20 | 2020 – 21 | 2021 – 22 | Q1 of 2022-23 (P) |
| Natural Gas Imports (in BCM) | 33.887 | 33.031 | 30.776 | 7.40 |
| Import Cost (in US $ billion) | 9.5 | 7.9 | 13.4 | 3.4 |
| Import Cost (in Rs. crore) | 67383 | 58129 | 100011 | 25268 |
Source: PPAC, (P): Provisional
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