New Delhi, March 2 -- India is unlikely to face immediate disruption in oil supplies despite Iran's reported closure of the Strait of Hormuz, officials said, citing adequate crude and fuel inventories.
Refineries currently hold 10-15 days of crude stocks, both in tanks and in transit, while fuel inventories can meet 7-10 days of demand. Strategic petroleum reserves can cover about a week's requirement.
Officials said the country has contingency plans should tensions escalate following US and Israeli strikes on Iran, reported PTI.
Exposure to Hormuz Route
About 2.5-2.7 million barrels per day-nearly half of India's crude imports-pass through the Strait of Hormuz, largely from Iraq, Saudi Arabia, the UAE and Kuwait, according to Kpler d...
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