New Delhi, March 9 (IANS) India currently has a total capacity for storage of crude oil and petroleum products for 74 days, which can help to tide over disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday.”The government has established Strategic Petroleum Reserves facilities with a total capacity of 5.33 million metric tonnes (MMT), which can act as a buffer for short-term supply shocks such as geopolitical conflicts. This is meant to p…
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New Delhi, March 6 (IANS) PSU oil marketing companies Bharat Petroleum Corporation Ltd (BPCL) and the Indian Oil Corporation Ltd (IOCL) on Friday dismissed rumours of shortages of fuel — petrol and diesel — in certain areas, calling them “completely unfounded” and “baseless”.In a post on its X handle, BPCL said India’s energy supply remains reliable and resilient, with ample petroleum reserves and uninterrupted supply chains.”There have been some rumours about shortages of petrol and diesel …
New Delhi, March 3 (IANS) India is in a reasonably comfortable position as far as crude oil, LPG and LNG are concerned, with a stock of 25 days of reserve for crude and 25 days of products, including the quantity that is in transit on ships headed for the country’s ports, according to government sources.India imports over 85 per cent of its crude oil requirement, of which around 50 per cent is supplied by Middle Eastern countries through the Strait of Hormuz, flows from which has been disrupte…