Strategic Petroleum Reserves
On 23rd March 2026, as per the data provided by the Union Government, the country currently holds around 3.37 million tonnes of crude oil, about 64% of its total 5.33 million tonnes storage capacity.
What are Strategic Petroleum Reserves (SPR)?
- Strategic Petroleum Reserves are dedicated stockpiles of crude oil maintained by countries as a buffer against sudden supply disruptions and price shocks.
- The concept of SPRs was first proposed after the Oil Crisis of 1973, when Arab nations imposed an oil embargo on Western countries.
India’s SPR Infrastructure
- In India, SPR are managed by ISPRL (Indian Strategic Petroleum Reserve ....
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