Domestic Strategic reserve update

India's 74-Day Strategic Petroleum Reserves

Analysis based on 9 articles · First reported Feb 09, 2026 · Last updated Feb 10, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The announcement of India's 74-day strategic petroleum reserves and plans for expansion positively impacts market sentiment regarding India's energy security. This reduces the risk of supply disruptions for India, potentially stabilizing its economy.

Oil and Gas Government

Event Summary

India's Union Petroleum Minister Hardeep Singh Puri announced that the nation's strategic petroleum reserves currently hold enough crude oil to last 74 days. While this provides a good buffer against global supply disruptions, Puri indicated that India aims to increase these reserves further to meet international norms, such as the International Energy Agency's recommendation of 90 days. The reserves are managed by Strategic Petroleum Reserve (India) (ISPRL), a government-owned company under the India===Ministry of Petroleum and Natural Gas. ISPRL operates three underground rock caverns in Visakhapatnam, Mangaluru, and Padur, with a total capacity of 5.33 million tonnes. New facilities are planned for Chandikhol and Padur, with additional proposed sites at Bikaner and Bina, as India works towards enhancing its energy security.

Key Actions

90 India increased strategic petroleum reserves

80 Hardeep Singh Puri announced strategic petroleum reserve capacity

70 Strategic Petroleum Reserve (India) manages strategic petroleum reserves

Entities Involved

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India

India's Union Petroleum Minister Hardeep Singh Puri announced that the nation's strategic petroleum reserves can last up to 74 days, which is a positive for its energy security. India is also planning to expand its reserves to meet international norms.

Importance 100 Sentiment 20

per

Hardeep Singh Puri

Hardeep Singh Puri, India's Union Petroleum Minister, provided an update on India's strategic petroleum reserves, stating they can last 74 days and expressing a desire to increase them further.

Importance 80 Sentiment 20

priv

Strategic Petroleum Reserve (India)

Strategic Petroleum Reserve (India) (ISPRL) is the government-owned company responsible for building and maintaining India's underground strategic crude oil storage facilities. ISPRL manages the current 5.33 million tonnes of strategic crude capacity.

Importance 70 Sentiment 20

govactor

India===Ministry of Petroleum and Natural Gas

The India===Ministry of Petroleum and Natural Gas oversees Strategic Petroleum Reserve (India) (ISPRL), which manages India's strategic petroleum reserves.

Importance 60 Sentiment 20

govactor

India===Oil Industry Development Board

The India===Oil Industry Development Board is the parent organization of Strategic Petroleum Reserve (India) (ISPRL), which manages India's strategic petroleum reserves.

Importance 40 Sentiment 10

Relationships

Strategic Petroleum Reserve (India) related ↔ India===Oil Industry Development Board

India===Oil Industry Development Board related ↔ India===Ministry of Petroleum and Natural Gas

Hardeep Singh Puri related ↔ India

India related ↔ Strategic Petroleum Reserve (India)

Hardeep Singh Puri related ↔ Strategic Petroleum Reserve (India)

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