India's crude oil output drops 3%, govt plans ₹84,084Cr offshore push

India's crude oil output drops 3%, govt plans ₹84,084Cr offshore push. Domestic crude production fell to 27.96 MMT in FY26, prompting the Centre to plan a massive ₹84,084 crore offshore investment to boost output. The initiative aims to reduce import dependency and revive declining production trends. Oil and gas explorers may benefit from the capex push.

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