"Currently, ISPRL has around 3.372 million tonnes of crude stock available, which is around 64 per cent of the total storage capacity." Indian Strategic Petroleum Reserve Ltd (ISPRL) is the special purpose vehicle that established strategic petroleum reserves (SPR) facilities with a total capacity of 5.33 million tonnes of crude oil at three locations, which can act as a buffer for short-term supply shocks. The stockpile has been in focus since the breakout of war in the Middle East snapped the supply of crude oil, natural gas and LPG from the Gulf countries to India. "The current total national capacity for storage of crude oil and petroleum products is 74 days, which includes the capacity of storage facilities of the oil marketing companies (OMCs)," he said. Gopi said to ensure the security of crude supplies and to mitigate the risk of dependence on crude oil from a single region, oil and gas public sector enterprises (PSEs), which are Board-run entities, source crude oil from diverse sources depending on their technical and commercial considerations.

Source: The Telegraph March 23, 2026 10:51 UTC