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Strategic petroleum reserves News

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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