India Oil Stock — Infographic

Current Petroleum Stock Position

🔴 Strategic SPR

DAYS COVER

4.09 MMT crude
3 underground caverns
77% capacity used

🟡 Commercial (OMCs)

64.5

DAYS COVER

Indian Oil + BPCL
+ HPCL storage
Crude & products

✅ National Total

DAYS COVER

Official Rajya Sabha
answer, Feb 2026
Petroleum Minister

⚠ IEA benchmark is 90 days. India holds only ~7 days strategic cover — critically low vs peers. 80% of LNG & 50% of crude transit Strait of Hormuz, now under active conflict risk.

Global Comparison

Strategic Petroleum Reserve — Days of Cover

275 days

Japan

230 days

S. Korea

110 days

China

~90 days

USA

84 days

India SPR

7 days ⚠

India Total

74 days

IEA minimum standard = 90 days | India is IEA Associate Member

Section 03 — Gulf Import Volumes

India's Monthly Crude + LNG Imports from Gulf — 2025

Crude oil (Million Barrels/Day) + LNG (MMT) from UAE, Qatar, Saudi Arabia, Iraq, Kuwait & Oman

Qatar LNG (MMT)

UAE LNG (MMT)

Gulf Crude (mbd right axis)

Oman LNG (MMT)

17.5 MMT

LNG from
West Asia 2025

69%

LNG via
Strait Hormuz

2.6 mbd

Crude from Gulf
Dec25–Feb26 avg

$8.2B

Est. Gulf LNG
Import Value 2025

⚡ Key Risk Factors

Only 7 days SPR — vs IEA benchmark of 90. Lowest among major Asian importers.

50% crude from Iraq, Saudi, UAE, Kuwait via Strait of Hormuz — active conflict zone.

Qatar alone = 50% of all Indian LNG. Force majeure already issued at Ras Laffan.

Phase 2 SPR (Chandikhol, Rajkot) approved 2021 — still in land acquisition as of 2026.