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India's grain, fuel stockpile signals readiness for crisis
Business Standard
|May 08, 2025
Taking Stock
With border tensions escalating between India and Pakistan, the country is sitting on a considerable stockpile of wheat, rice, sugar, and edible oils — a buffer that would serve it well in any emergency.
Crude oil inventories are also at comfortable levels.
Officials said India currently has a 70-74-day cover for crude oil and petroleum products.
While oil-marketing companies (OMCs) in the country have enough fuel to cover 60-64 days of national consumption, the Indian Strategic Petroleum Reserves (ISPRL) holds an additional nine and a half days' worth of fuel, they added.
“OMCs have been ramping up the purchase of crude given the falling prices. This is standard practice during times of increased volatility. Currently, they have enough volume of crude,” a petroleum and natural gas ministry official said.
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