India ranks third in oil consumption with 5.274 million barrels/day in 2019 after USA and China. During the calendar year 2019, India imported 221.7 million tons crude oil and 44.4 million tons refined petroleum products and exported 60.7 million tons refined petroleum products. India is the second biggest importer of crude oil and its products after China. India has built surplus world class refining capacity using imported crude oil for exporting refined petroleum products. The net imports of crude oil is lesser by one fourth after accounting exports and imports of refined petroleum products. Natural gas production was 26.9 billion cubic meters and consumption 59.7 billion cubic meters during the calendar year 2019.