Contents
India has 60 days crude supply cover, secures 800000 MT LPG cargoes from US, Russia, Australia: Govt
The oil ministry noted that nearly two months of steady supply is available for every Indian citizen regardless of what happens globally.
Recruitment in Army Public School Kaluchak
India presently has crude oil supplies tied up for the next 60 days with increased purchases from the west more than compensating for any disruption in supplies amid closure of Strait of Hormuz, the oil ministry said on March 26.
“Despite the situation at the Strait of Hormuz, India is today receiving more crude oil from its 41-plus suppliers across the world than what was previously arriving through the Straits. High volumes available in international markets — especially from the western hemisphere — have more than compensated for any disruption,” the ministry said.
Job Recruitment in AIIMS Vijaypur, Jammu
The government also noted that every refinery is running at over 100% utilisation with crude oil supplies for next 60 days having already been tied up by Indian oil companies. “There is no supply gap,” the ministry said.
Further, dismissing reports of India having only 6 days of stocks, the ministry said that the country has 74 days of total reserve capacity and actual stock cover is around 60 days right now which includes crude stocks, products stocks and the dedicated strategic storage in caverns even after the 27th day of West Asia crisis.