Govt asks state fuel retailers to build LPG reserves for 30 days of demand
The Centre has directed state-run oil marketing companies (OMCs) to prepare plans for expanding liquefied petroleum gas (LPG) storage capacity to cover at least 30 days of demand, amid concerns over supply disruptions caused by the ongoing conflict in West Asia. The move comes as India seeks to strengthen its energy security and reduce vulnerabilities arising from geopolitical tensions in a region that remains a key source of the country`s energy imports. Oil ministry directs OMCs to enhance LPG storage Speaking to reporters on Friday, Petroleum Ministry Joint Secretary Sujata Sharma said the government has asked public sector fuel retailers to work on creating larger LPG reserves. “We are working on strategic reserves. Oil marketing companies have been asked to formulate plans to maintain LPG reserves for a minimum of 30 days, and they are currently working on it,” Sharma said. The directive has been issued to major state-owned fuel retailers — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) — which dominate India`s fuel distribution network. According …
