India's Strategic Oil Reserves Last Nearly Two Months, Govt Report Confirms

• India holds over 250 million barrels of crude and refined products, providing 7-8 weeks of energy coverage, countering claims of only 25 days of reserves.
• Energy sourcing diversified across 40 countries; only 40% of crude imports pass through the Strait of Hormuz, with 60% from alternative routes.
• Russia remains India's largest crude oil supplier as of February 2026, with imports complying with G7 price cap rules and a recent US Treasury waiver.
• Domestic 20% ethanol blending displaces 44 million barrels annually; refining capacity of 258 mmtpa exceeds national consumption demand.
• Retail fuel prices stable for four years; public sector oil companies absorbed Rs 64,500 crore in losses to ensure affordability and availability.