GS3The Hindu · Current Affairs
News in Numbers: Phase-II strategic oil reserves estimated at ₹14,527 crore
Phase-II strategic petroleum reserves in India are planned through a public-private partnership with state support capped at 60% of project cost.
SP
Samachar Pathshala Desk
Published 24 Jul 2026 · 1 min
Key takeaways
- Strategic petroleum reserves are used to store crude oil for emergency supply management.
- India’s government plans a second phase of strategic petroleum reserves through a public-private partnership.
- The government says state viability gap funding for the project will be capped at 60% of the total project cost.
What happened
India’s government plans a second phase of strategic petroleum reserves through a public-private partnership. The project is estimated at ₹14,527 crore, and the government says state viability gap funding will be capped at 60% of the total project cost.
Why the topic matters
The UPSC angle
GS3GS2
Strategic petroleum reserves as an energy-security and fiscal-design issue
UPSC can frame this topic around India’s energy security, the purpose of strategic petroleum reserves, and the policy trade-off between private participation and public support through viability gap funding.
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