Topic
refiners
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
Trade Tariffs & Duties #india#gold
India's Gold Tariff Hike Spurs Smuggling Surge
India's recent gold tariff hike has led to a resurgence in smuggling, with illegal imports potentially exceeding 100 tons in 2026. This has created challenges for banks and refiners, as grey market discounts disrupt legal trade.
Jun 10, 2026 1 source