House panel calls for cautious approach given geopolitical uncertainties
Financial Express Lucknow|December 21, 2024
House panel calls for cautious approach given geopolitical uncertainties
ARUNIMA BHARADWAJ

INDIA'S CRUDE RESERVES in the three strategic caverns are currently around 3.61 million tonne, which is 67% of their rated capacity, according to a report by the Lok Sabha's Standing Committee on petroleum and natural gas.

The Committee highlighted that a cautious approach is required for maintenance of sufficient buffer stock of crude oil to meet any emergent situation given the highly uncertain geopolitical scenario around the world, primarily the major suppliers of crude oil.

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