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News
strategic petroleum reserves
Strategic petroleum reserves News
Crude Oil
26 Feb 2022
Crude oil at $100 per barrel, Govt may release Strategic Petroleum Reserves
At present Indian refiners hold crude oil reserves of 64.5 days. In addition to that, India also holds 39.62 million barrels of crude oil through its Strategic Petroleum Reserve body ISPRL. Cumulatively at present India has oil storage for 74 days.
India oil reserve
04 Feb 2016
Govt seeks $2.2 billion to build second phase of strategic oil reserves
Strategic storage reserves are underground rock caverns used to store crude oil that can be used in case of a supply cut-off to a country.
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