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50 Days fuel Stock Left in India

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50 Days fuel Stock Left in India Good Morning Nagpur
GMNEWS:As of March 5, 2026, India has sufficient fuel stocks to last for approximately 50 days.
Amidst the current West Asia crisis and the closure of the Strait of Hormuz, the Indian government has assured that there is no immediate threat to energy security. The stockpile is divided as follows:
Current Fuel Stock Breakdown
 * Crude Oil Reserves: Approximately 25 days of supply.
 * Refined Petroleum Products: Approximately 25 days of supply (including petrol and diesel).
 * Strategic Petroleum Reserves (SPR): India maintains underground storage facilities in Visakhapatnam, Mangaluru, and Padur. These provide an additional buffer of roughly 10 days of import cover, which is included in the cumulative 50-day figure provided by government sources.
Key Strategic Measures
To manage the current disruption, the following steps have been taken:
 * Diversification: India has reduced its dependency on the Strait of Hormuz to about 40-50% by sourcing oil from over 40 countries, including increased imports from Russia and South America.
 * Natural Gas (LPG/LNG): India holds cooking gas (LPG) stocks sufficient for over 3 weeks. While Qatari LNG supplies are currently stressed, the government is scouting for alternative supplies from Canada and Norway.
 * Export Restrictions: The government has directed oil marketing companies (IOCL, BPCL, HPCL) to prioritize domestic supply over exports to ensure the buffer remains stable.
 * Price Stability: Despite global Brent crude prices spiking toward $80 per barrel, there are no immediate plans to hike retail petrol or diesel prices as oil companies are currently absorbing the fluctuations.
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