New Delhi, March 04: India remains in a relatively comfortable position on crude oil, LPG and LNG supplies, with around 25 days of crude and petroleum product reserves, including cargoes in transit, government sources said amid disruptions in flows through the Strait of Hormuz.
The country imports over 85% of its crude requirement, nearly half of which traditionally comes from the Middle East. However, diversification toward Russia, Africa and the US, along with expanded strategic reserves, has strengthened supply resilience.
State-run oil marketing companies — Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited — currently maintain supplies for several weeks. The government has also directed companies to curb petroleum product exports to bolster domestic buffer stocks.
India’s strategic storage facilities at Pudur, Visakhapatnam and Mangaluru, along with an upcoming reserve at Chandikhol, provide additional safeguards against supply shocks and price volatility.
