NEW DELHI: Union petroleum minister Hardeep Singh Puri said on Monday India’s strategic petroleum reserve can last up to 74 days to meet demand caused by any global crisis. “Together, if you look at the reserves in our caverns and what is held by our refineries and floating platforms at our ports and our products, it comes to 74 days,” Puri said, adding International Energy Agency stipulates about 90 days of holding as a strategic petroleum reserve. Replying to a question in Rajya Sabha, Puri said for a country like India, which is growing at a phenomenal pace, there must be a viable and secure reserve so it is not vulnerable in case of global turbulence. “I feel as the minister safe with something at 74 days. But we can consider raising it going forward,” he said. He informed Parliament that the caverns are in Andhra Pradesh and Karnataka, while hoping to get started in Odisha soon. “Strategic petroleum reserve is a very important component in economic stability and our energy security,” he said. India is the world’s third largest consumer of crude oil, has the fourth largest refining capacity and is the fifth largest exporter of petroleum products.End of ArticleFollow Us On Social MediaVideos“Trade Deal Wouldn’t Happen Without Him”: Goyal Praises US Envoy GorOpposition Parties’ No-Confidence Move Against Om Birla?; ICC Rejects Pak Demand Over India BoycottRajnath Singh, Greek Counterpart Chart Five-Year Defence Cooperation Roadmap’India Must Find Its Own Elon Musk’: Ex-DGMO Emphasises Superiority In Space Tech To Win Future WarsPunjab Law College Horror: Student Shoots Classmate, Turns Gun On SelfBJP Accuses Mamata of Misleading Nation After SC SIR Ruling, TMC Counters ClaimsWatergate Files Reveal Ex-US President Nixon Was Ready To Back China If It Attacked India In 1971How Sanae Takaichi’s Japan Elections Win Could Alter Indo-Pacific Power Balance, India’s StrategyPariksha Pe Charcha 2026: PM Modi Advises Students on Discipline and More for Viksit Bharat 2047’White Collar Terrorism…’: Ex-DGMO AK Bhatt On Biggest Challenge For The Army In Jammu & Kashmir123PhotostoriesValentine’s Week special: Luxury stays for solo reflection and self connection8 easy and delicious ways to add fruit jam to your breakfastExclusive – Laughter Chefs 3’s Arjun Bijlani on pairing up with Tejasswi Prakash: I keep teasing her asking when she’s getting married, planning to have kids. even call her ‘bhabhi’Replace your cookware immediately if you notice these 5 signs (number 3 is a warning)Julia Roberts and Daniel Moder net worth: Inside the couple’s USD 260 million empireChef Sanjeev Kapoor shares 10 smart tips and tricks for deep frying for better taste and nutrition6 unique homes in India; redefining contemporary residential architecture7 ancient fish species older than dinosaursHow luxurious is Suryakumar Yadav’s garage? 5 cars from his collectionWhat epilepsy really is (and what it isn’t)123Hot PicksUAE Public School RegistrationGold Silver PricesParliament Budget SessionGCC Unified Visa 2026Income Tax CalculatorPublic holidays February 2026Bank Holidays februaryTop TrendingTravis KelceBad BunnyBrittany MahomesRobert Kraf WifeCoco JonesCandace OwensSuper Bowl 60 Halftime PerformanceNBA Trade RumorsJutta LeerdamKim Kardashian and Lewis Hamilton Net Worth
NEW DELHI: Union petroleum minister Hardeep Singh Puri said on Monday India’s strategic petroleum reserve can last up to 74 days to meet demand caused by any global crisis. “Together, if you look at the reserves in our caverns and what is held by our refineries and floating platforms at our ports and our products, it comes to 74 days,” Puri said, adding International Energy Agency stipulates about 90 days of holding as a strategic petroleum reserve. Replying to a question in Rajya Sabha, Puri said for a country like India, which is growing at a phenomenal pace, there must be a viable and secure reserve so it is not vulnerable in case of global turbulence. “I feel as the minister safe with something at 74 days. But we can consider raising it going forward,” he said. He informed Parliament that the caverns are in Andhra Pradesh and Karnataka, while hoping to get started in Odisha soon. “Strategic petroleum reserve is a very important component in economic stability and our energy security,” he said. India is the world’s third largest consumer of crude oil, has the fourth largest refining capacity and is the fifth largest exporter of petroleum products.
