In case of an emergency, how long will India’s oil reserve last?

Mumbai: Drones which targeted Saudi Aramco’s Abqaiq oil refinery and Khurais oil field, over the weekend, have hit 5% of global oil supply, pushing up global oil prices nearly 12% so far.

While this could push India’s import bill upward, potentially exacerbating the current economic slowdown, another concern could be ensuring continuous crude supply to Indian refineries to meet India’s oil demand. India is the world’s third-largest oil importer.

Currently, India has the capacity to meet about 12 days’ of the country’s crude oil requirement. While India’s strategic oil reserve in Vishakhapatnam has a storage capacity of 1.33 million tonnes, Mangaluru has 1.5 MT, and Padur has 2.5 MT. Indian Strategic Petrol Reserves (ISPRL) is responsible for maintaining the country’s strategic petroleum reserves.