India's Oil Security: 75-Day Reserve, Diversified Imports from 40 Countries

• India has built a 75-day oil reserve capacity, strengthening energy security against global supply disruptions.
• The country, the world's third-largest crude oil consumer, imports from 40 countries, up from 27, to diversify risk.
• Strategic petroleum reserves at Visakhapatnam, Mangalore, and Padur provide 9.5 days of demand, supplemented by oil marketing company stocks for a total of 74-75 days.
• India is expanding storage, with plans for a new reserve at Chandikhol and aiming for 90+ days of demand coverage.
• Public and private companies manage imports, with payments typically in dollars, and India is a top-five global refining hub.