EnergyMedium impactPre-market

India to expand strategic oil reserves amid price volatility

3 Jul 2026 · 07:10 ISTpre-market1 source ↓written by the desknot a recommendation

India plans to expand oil inventories and increase storage capacity to mitigate price volatility following the Iran war. Oil Minister Hardeep Singh Puri emphasized the need for preparedness against future spikes, despite recent price declines. This strategy aims to enhance supply stability for the world's third-largest oil consumer. ⚡

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Sourcesnews.google.com

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India to expand strategic oil reserves amid price volatility

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