India's oil reserve funding gap amid West Asia crisis
after close1 source ↓written by the desknot a recommendation
- on strategic petroleum
- ₹1,039 crore
- reserves currently
- 64% capacity
- slashes allocations
- ₹200 crore
India is set to spend ₹1,039 crore on strategic petroleum reserves in FY26, falling short of the budgeted ₹5,876 crore. This comes as tensions in West Asia heighten energy security concerns, with reserves currently at 64% capacity. The budget for 2026–27 further slashes allocations to ₹200 crore, raising alarms over preparedness for supply disruptions.
Not investment advice. For informational purposes only.