India Oil and Gas Market Forecast, Size, Share & Industry Trends 2025–2033

Oil and Gas Market - India

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%

According to IMARC Group's report titled "India Oil and Gas Market Report and Forecast 2025-2033," the market 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.


Download sample copy of the Report: https://www.imarcgroup.com/india-oil-gas-market/requestsample

India Oil and Gas Market Trends and Drivers:

  1. India oil and gas market is undergoing dynamic transformation, driven by India's growing energy demand, economic development, and increasing energy security concern.

  2. Essentially, India's industrial growth, urbanization, and expanding transportation infrastructure are fueling the demand for crude oil, natural gas, and petroleum products significantly.

  3. In addition, the government's push for self-reliance through such as "Atmanirbhar Bharat" and increasing domestic exploration and production activities is galvanizing the upstream sector.

  4. Moreover, strategic alliances with foreign oil producers, new policy norms for licensing, and liberalization of the exploration market to private and foreign entities are picking up steam in terms of investment inflow into the country.

  5. Apart from this, increased demand for cleaner-burning fuels is fueling growth in natural gas infrastructure in the form of urban gas distribution networks, LNG terminals, and pipeline coverage to unserved markets.

  6. Additionally, initiatives such as the National Bio-Energy Mission and the hydrogen drive as a clean fuel alternative are injecting an aspect of diversification in India's oil and gas plan.

  7. Apart from that, refiners are increasing their capacities and implementing new technologies in order to meet higher local and export demand, especially from South Asian and African nations.

  8. Apart from that, government-backed pricing reforms, deregulation of fuel prices, and increased transparency in fuel marketing are helping make a more competitive and investment-friendly atmosphere.

  9. Concomitantly, the growth in automobile and aviation sectors is driving demand for diesel, petrol, and ATF, and growth of petrochemical centers is increasing the downstream market.

  10. At the same time, the adoption of digital technologies like AI, IoT, and data analytics is improving operational efficiency, predictive maintenance, and supply chain optimization in oil and gas facilities.

  11. On top of this, strategic growth of petroleum reserves and higher storage capacity are improving the capability to ride through global supply chain disruptions.

  12. Growing consumer awareness and regulatory emphasis on becoming green are also promoting the use of cleaner and more efficient fuels.

  13. On top of this, increasing private sector participation and entry of global energy majors are initiating modernization and diversification in the value chain.

  14. Overall, the combination of policy changes, infrastructure growth, demand stimulus on the demand side, and technology advancements is pushing India's oil and gas sector towards a more integrated and future-ready energy system.

India Oil and Gas Industry Segmentation:

The India oil and gas market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling. 

Type Insights:

  • Upstream
  • Midstream
  • Downstream

Application Insights:

  • Offshore
  • Onshore

Regional Insights:

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

Request for customization: https://www.imarcgroup.com/request?type=report&id=21497&flag=C

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can 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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