India Oil and Gas Market Report 2025-2033: Size, Industry Analysis, Share, Trends and Forecast

Oil and Gas Market in India 2025:

How Big is the India Oil and Gas Industry?

India oil and gas market size reached USD 710.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,164.4 Million by 2033, exhibiting a growth rate (CAGR) of 5.23% during 2025-2033.

Market Statistics

  • Base Year: 2024
  • Historical Years: 2019-2024
  • Forecast Years: 2025-2033
  • Market Size in 2024: USD 710.5 Million
  • Market Size in 2033: USD 1,164.4 Million
  • Market Growth Rate (CAGR) 2025-2033: 5.23%

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India Oil and Gas Market Trends and Drivers:

India oil and gas market is undergoing dynamic transformation, stimulated by India's growing energy need, economic growth, and increasing energy security concern. Fundamentally, India's urbanization, industrialization, and increasing transportation infrastructure are predominantly powering the requirement for crude oil, natural gas, and petro-products. Additionally, the government drive towards self-reliance in the form of like "Atmanirbhar Bharat" and increasing domestic exploratory and production activities is propelling the upstream segment. Besides this, foreign producers' strategic partnerships, new policy norms for the issuance of licenses, and access to the exploration market by foreign and private players are picking up pace in the sector of investment inflow into the nation. Besides this, increased demand for cleaner fuels is driving growth in natural gas infrastructure in the form of city gas distribution networks, LNG terminals, and pipeline reach to non-served areas. Also, initiatives such as the National Bio-Energy Mission and the hydrogen drive as a green fuel alternative are injecting a sense of diversification in India's oil and gas policy.


Apart from that, refiners are increasing their capacities and implementing new technologies to serve higher domestic and export demand, especially from South Asia and Africa. Apart from that, government-led pricing reforms, fuel price liberalization, and increased fuel marketing transparency are helping to make an environment more competitive and investment-friendly. At the same time, growth in automobile and aviation sectors is driving the requirement for ATF, diesel, and petrol, and growth in petrochemical centers is contributing to the downstream market. Meanwhile, the utilization of digital technologies like AI, IoT, and data analytics is improving operational efficiency, predictive maintenance, and supply chain optimization in oil and gas units. In addition to that, targeted growth of petroleum reserves and added storage capacity are augmenting the capability to counter global supply chain disruptions. Growing consumer awareness and regulatory imperative to go green are also promoting the use of cleaner and more efficient fuels. Beyond that, private sector investment is mounting with the entry of international energy majors, who are driving modernization and diversification in the value chain. Overall, the complementarity of policy reforms, the expansion of infrastructure, demand stimulus on the demand side, and technological progress is leading India oil and gas market to an integrated and forward-looking energy system.

India Oil and Gas Market Report and Segmentation:

The report has segmented the market into the following categories:

Type Insights:

  • Upstream
  • Midstream
  • Downstream

Application Insights:

  • Offshore
  • Onshore

Regional Insights:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Top Players Analysis:

The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies. 

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Other Key Points Covered in the Report:

  • COVID-19 Impact on the Market
  • Porter's Five Forces Analysis
  • Strategic Recommendations
  • Market Dynamics
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape
  • Top Winning Strategies
  • Recent Industry News
  • Key Technological Trends & Development

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

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