India's Energy Security Strong: 74 Days Oil Reserves Despite Global Crisis - Punjabi News

Published on: 10 Feb 2026 at 08:25 AM

India’s Energy Security Strong: 74 Days Oil Reserves Despite Global Crisis

Published by: thefactnews

India’s Energy Security Strong: 74 Days Oil Reserves Despite Global Crisis

New Delhi, February 10, 2026
Amid global oil price volatility and supply disruptions, India maintains robust energy security. Petroleum Minister Hardeep Singh Puri informed Rajya Sabha that the country holds sufficient petroleum reserves to handle any emergency.

Current Stockpile Status

Total Reserves: Enough crude oil for 74 days of national demand
IEA Benchmark: International Energy Agency recommends 90 days ideally, but minister assured 74 days provides adequate safety buffer
Strategic Storage: ISPRL developed 5.33 million metric ton capacity across 3 sites in Andhra Pradesh & Karnataka

India’s Global Standing

Minister highlighted key achievements:

3rd Largest Consumer: World’s third biggest crude oil user
4th Largest Refining Capacity: 260 MMTPA currently, targeting 320 MMTPA expansion
5th Largest Petroleum Exporter: Major player in refined product exports

Future Strategy

Puri emphasized strategic reserves as economic stability cornerstone for fast-growing India. Government plans expanding stockpiles from 74 to IEA’s 90-day international standard, shielding economy from global turbulence.