The India Oil And Gas Market size is estimated at 38.12 Billion cubic meter in 2024, and is expected to reach 49.12 Billion cubic meter by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and a decline in demand for refined petroleum products. Currently, the market has rebounded to pre-pandemic levels.
The India oil and gas market is fragmanted. Some of the key players (in no particular order) include Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL), Reliance Industries, Indian Oil Corporation Limited (IOCL), and Punj Lloyd Limited., among others.
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