Energy security: India considering options for strategic petroleum reserves

India's plans to replace most petrol vehicles with electric ones may fall well short of the target, forcing the country to continue depending on crude oil

With some plans in consolidating the country’s energy security either delayed or abandoned, India is considering other options to expand its strategic petroleum reserves (SPRs), parliamentary documents show.

Now the plan is to build five or six small, ground-level storage tanks with smaller capacities at state-run refineries and designate them “strategic”, according to the recommendations made to the petroleum ministry in the 23rd Standing Committee Report of the petroleum ministry last month.

It is not clear if the ministry has accepted the recommendations.

What did not materialise were building underground caverns to store oil and substituting oil in transportation with