New Delhi, March 24 -- India is considering making it mandatory for oil marketing companies (OMCs) to hold minimum kitchen gas reserves to double the buffer, as the world's second-largest importer of the fuel faces a supply crunch amid the ongoing West Asia war, according to two people aware of the development.
"Companies may have to look at having an inventory for longer reserves for themselves than the usual two-three days. There is so far no such mandate. Given the scenario, the government may consider coming up with a mandate for minimum LPG (liquefied petroleum gas) storage for a certain period for the OMCs," said one of the two people mentioned above, speaking on the condition of anonymity.
"Any such move would require an order fr...
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