The Strategic Petroleum Reserve (SPR) is a government-owned stockpile of crude oil. It aims to ensure energy security during supply disruptions. Established in the 1970s, it serves as a buffer against oil shortages. The reserve can be tapped in emergencies. Its management is crucial for national energy policy. The SPR impacts global oil markets and domestic economic stability.
India’s strategic petroleum reserve programme includes underground crude oil storage facilities at Visakhapatnam in Andhra Pradesh, Mangaluru in Karnataka, and Padur in Tamil Nadu. The Centre reviewed the...
