India has 25 days of crude oil reserves and 25 days each of petrol, diesel stock: Government sources
The Hindu
India has ample crude oil and fuel reserves for 25 days each, ensuring 50 days of overall sufficiency amidst global tensions.
India has sufficient stock of crude oil and that of energy products (that is, petrol and diesel) for the next twenty-five days each, cumulatively accounting for fifty days of sufficiency, sources in the government informed on Tuesday (March 3, 2026).
“We are in a reasonably comfortable position as far as crude oil is concerned,” the source informed, adding, “We have reserves of crude oil for twenty-five days, alongside energy products of twenty-five days as well.”
Essential to note, according to the source, the mentioned crude oil reserves do not include that from the emergency-earmarked Special Petroleum Reserves (SPR), in which case the sufficiency expands beyond 25 days.
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Concerns over India’s fuel stock position emerged as tensions escalated in West Asia, with Iran and Israel along with ally United States engaging in a conflict, that led to the closure of the Strait of Hormuz. The situation was further aggravated as Tehran’s strikes damaged energy infrastructure in Saudi Arabia and Qatar spiralling brent crude futures beyond the $80-per-barrel-mark on Tuesday (March 3, 2026).
The source added that about two-fifth of India’s crude supplies were routed through the Strait of Hormuz.
The rise in oil prices is expected to increase current account deficit (CAD) of major crude-importing Asian economies, which include India, according to an initial expert commentary.
India has 25 days of crude oil reserves and 25 days each of petrol, diesel stock: Government sources
India has ample crude oil and fuel reserves for 25 days each, ensuring 50 days of overall sufficiency amidst global tensions.
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