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306 Economic Survey 2021-22

Figure 41: Production of Crude Processed oil

Source: M/o PNG

8.71 The production of petroleum products was 233.51 MMT in 2020-21 as against 258.18
MMT in 2019-20, showing achievement of 90.2 percent of the target of 259.02 MMT for 2020-
21. During the year 2020-21, the consumption of petroleum products in India was 194.30 MMT,
lower by 9.3 percent as compared to consumption of 214.13 MMT during 2019-20. (figure 42).

Figure 42: Production of Petroleum, crude and natural gas

Source: M/o PNG
8.72 The Government has introduced several measures to bring transparency by ensuring that
projected requirements of the industry are duly uploaded, reduce transaction costs through
investment in building infrastructure required for this sector and extend benefits to the
weaker sections. The ”Lakshya Bharat Portal” launched in September, 2021 requires all oil
and gas organizations to upload details of various items procured by them including the future