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India May Require Refiners to Triple Crude Oil Inventories After Lessons From China Commodities
Energy & Petrochemicals #crude oil#inventories

India May Require Refiners to Triple Crude Oil Inventories After Lessons From China

Drawing lessons from China, India may ask domestic refiners to maintain significantly larger crude oil inventories as a safeguard against future supply shocks. The proposal, still at an early stage, would require refiners to hold stocks beyond the current 15-day operational buffer. If implemented, refiners could need to hold around 150 million barrels, requiring nearly Rs 60,000 crore in additional crude purchases and billions more in storage infrastructure.

Jun 17, 2026 1 source