Overview
- The petroleum ministry, in a reply to Parliament on Monday, said ISPRL holds about 3.372 million tonnes of crude, or roughly 64% of its 5.33 million‑tonne capacity.
- At full capacity the three caverns provide about 9.5 days of crude cover, though current stocks make the effective buffer smaller, with one analysis putting it near six days.
- India counts 74 days of total oil and fuel storage when commercial refiner inventories are included, a broader metric that still trails the IEA’s 90‑day benchmark.
- Two new reserves totaling 6.5 million tonnes were approved in 2021, and after Tuesday’s scrutiny of delays and underspending, Dharmendra Pradhan on Wednesday urged faster work on the 4‑MMT Chandikhol site.
- To cut route risk through the Strait of Hormuz, state oil firms now buy from 41 countries, yet recent tensions have still forced cuts in gas and LPG to industrial users.