Annual Sector Summary — Oil & Gas

Fiscal Year: 2026 Generated: 2026-09-01

Executive Summary

Annual summary report for the Oil & Gas sector covering fiscal year 2026. 42 indicators tracked; 0 trending up, 1 declining, 41 stable compared with FY2025. Largest decline: Oil Consumption (-39.3% YoY).

Top Year-over-Year Shifts (FY2026 vs FY2025)

1. Oil Consumption: -39.3% (down)
2. Petroleum Levy Surcharge: 0.0% (stable)
3. Active Offshore Petroleum Contracts: 0.0% (stable)
4. Petroleum Import Price: 0.0% (stable)
5. Oil Block Concession Revenue: 0.0% (stable)

Indicator Performance (annual vs prior year)

• Crude Oil Production: FY2026 0 barrels (2026) · prior 0 (2024) · YoY — · trend stable
• Mineral Fuels and Oils Import Value: FY2026 609.93 USD million (2026) · prior — · YoY — · trend stable
• Commercial Oil & Gas Production: FY2026 0 barrels (2026) · prior — · YoY — · trend stable
• Petroleum Levy Surcharge: FY2026 0.2 USD per gallon (2025) · prior 0.2 (2025) · YoY 0.0% · trend stable
• Active Offshore Petroleum Contracts: FY2026 8 contracts (2025) · prior 8 (2025) · YoY 0.0% · trend stable
• Petroleum Import Price: FY2026 66.72 USD per barrel (2025) · prior 66.72 (2025) · YoY 0.0% · trend stable
• Oil Block Concession Revenue: FY2026 20 USD Millions (2025) · prior 20 (2025) · YoY 0.0% · trend stable
• Active Exploration Blocks: FY2026 5 Blocks (2025) · prior 5 (2025) · YoY 0.0% · trend stable
• Oil Sector FDI: FY2026 78 USD Millions (2025) · prior 78 (2025) · YoY 0.0% · trend stable
• Active Offshore Exploration Contracts: FY2026 4 contracts (2025) · prior 4 (2025) · YoY 0.0% · trend stable
• Exploration Area Awarded: FY2026 12,700 square kilometers (2025) · prior 12,700 (2025) · YoY 0.0% · trend stable
• Offshore Exploration Contracts Awarded: FY2026 4 contracts (2025) · prior 4 (2025) · YoY 0.0% · trend stable
• Offshore Exploration Blocks Awarded: FY2026 4 blocks (2025) · prior 4 (2025) · YoY 0.0% · trend stable
• Exploration Area Licensed: FY2026 12,700 square kilometers (2025) · prior 12,700 (2025) · YoY 0.0% · trend stable
• Petroleum Consumption (PMS & AGO): FY2026 15.33 million gallons (2025) · prior 15.33 (2025) · YoY 0.0% · trend stable
• Petroleum Product Imports: FY2026 167.83 million gallons (2024) · prior — · YoY — · trend stable
• National Petroleum Product Imports: FY2026 167,825,221 gallons (2024) · prior — · YoY — · trend stable
• Petroleum Gas Import Value: FY2026 21.7 USD million (2024) · prior — · YoY — · trend stable
• Crude Petroleum Export Value: FY2026 114 USD million (2024) · prior — · YoY — · trend stable
• Proved Oil Reserves: FY2026 0 billion barrels (2024) · prior — · YoY — · trend stable
• Refinery Production: FY2026 0 barrels (2024) · prior — · YoY — · trend stable
• Domestic Refinery Production: FY2026 0 barrels (2024) · prior — · YoY — · trend stable
• Premium & Diesel Fuel Import Volume: FY2026 42.57 million gallons (2024) · prior — · YoY — · trend stable
• Petroleum Gas Exports: FY2026 0.135 USD million (2024) · prior — · YoY — · trend stable
• Petroleum Gas Imports: FY2026 21.7 USD million (2024) · prior — · YoY — · trend stable
• Oil Consumption: FY2026 4,852.7 barrels per day (2024) · prior 8,000 (2016) · YoY -39.3% · trend down
• National Petroleum Imports Volume: FY2026 167.83 million gallons (2024) · prior — · YoY — · trend stable
• Oil Consumption Growth Rate: FY2026 4.5 % (2024) · prior — · YoY — · trend stable
• Oil and Petroleum Products Consumption: FY2026 4,852.7 barrels per day (2024) · prior — · YoY — · trend stable
• Government Revenue from Oil & Gas: FY2026 0.55 USD million (2023) · prior — · YoY — · trend stable
• Oil and Gas Export Revenue: FY2026 0 USD million (2023) · prior — · YoY — · trend stable
• Domestic Crude Oil Supply Share: FY2026 0 % (2023) · prior — · YoY — · trend stable
• Oil & Gas Sector Government Revenue: FY2026 0.55 USD million (2023) · prior — · YoY — · trend stable
• Light Oils Import Value: FY2026 317.3 USD million (2023) · prior — · YoY — · trend stable
• Medium Oils Import Value: FY2026 351.5 USD million (2023) · prior — · YoY — · trend stable
• Seismic Data Sale Revenue: FY2026 1 USD million (2023) · prior — · YoY — · trend stable
• LPRA License Fees Revenue: FY2026 0.55 USD million (2023) · prior — · YoY — · trend stable
• Extractive Sector Revenue: FY2026 182.35 USD million (2022) · prior — · YoY — · trend stable
• Oil & Gas Share of Extractive Revenue: FY2026 0 % (2022) · prior — · YoY — · trend stable
• Government Revenues from Oil & Gas: FY2026 2.88 USD million (2019) · prior — · YoY — · trend stable
• Oil & Gas Government Revenues: FY2026 2.88 USD million (2019) · prior — · YoY — · trend stable
• Oil & Gas Sector Employment: FY2026 0 persons (2019) · prior — · YoY — · trend stable